Recent Performance of Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) The Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD) is an exchange-traded fund that seeks daily inverse investment results and is very different from most exchange-traded funds. It provides traders the opportunity to take advantage of the daily price movements of AAPL, the common stock of Apple Inc. Last month, Direxion launched the Direxion Daily AAPL Bull 1.5X (NASDAQ:AAPU) and the Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD). Both funds trade on the Nasdaq and allow sophisticated traders to obtain magnified or inverse exposure to the daily performance of the common stock of Apple Inc.
It's important to note that unlike most ETFs, the funds don't invest in the underlying security. Instead, they use derivatives and other instruments to attempt to get a leveraged or inverse return of the daily price movements of the underlying security. That said, traders can also look at the Direxion Daily AAPL Bear 1X Shares (NASDAQ:AAPD). The fund essentially takes the inverse side of AAPU, but with a 1x leverage multiplier.
Since launching, the performance of the ETF has been mixed. On the one hand, it has seen some good days and has been able to move higher in certain cases. On the other hand, it has also seen some bad days and has been unable to move higher. In the case of Apple's latest iPhone, a price increase could tamp down demand, and thus put some downward pressure on the fund.