Direxion Daily AAPL Bear 1X ETF
NASDAQCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Aug 9, 2022
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily AAPL Bear 1X Shares (AAPD) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 100% of the inverse (or opposite) of the daily performance of the common shares of Apple Inc. (NASDAQ: AAPL); the fund employs derivatives such as swaps and holds cash equivalents, treasury securities, and short positions to achieve its objectives. Launched on August 9, 2022, and domiciled in the United States with its primary listing on NASDAQ, AAPD targets sophisticated investors and active traders seeking short-term inverse exposure to AAPL stock, which operates in the consumer electronics, software, and services sectors worldwide. The fund, managed by Rafferty Asset Management, LLC under the Direxion Shares ETF Trust, exhibits a net expense ratio of 1.00% (excluding certain costs) and is designed for daily holding rather than long-term investment due to leverage decay and compounding effects. AAPD forms part of Direxion Investments' broader suite of leveraged and inverse single-stock ETFs, which also includes the complementary Direxion Daily AAPL Bull 2X Shares (AAPU); these products cater to decisive investors navigating volatile markets by providing bull and bear strategies on individual equities like AAPL. Direxion Investments, founded in 1997 and headquartered at 1301 Avenue of the Americas in New York with additional offices in Boston and Hong Kong, specializes in non-traditional ETFs for financial advisors, institutions, and traders. The firm operates primarily in the United States and focuses on equity-based leveraged products across technology, financials, and other sectors. In recent developments, Direxion selected SS&C Technologies as its underwriter and distributor for issuance, FINRA compliance, and registered fund services in September 2024, enhancing its distribution network and growth strategy for ETFs including AAPD. The company continued expanding its single-stock ETF lineup in December 2024 with launches of 2X bull and -1X bear funds linked to Berkshire Hathaway and Palantir Technologies, alongside prior AI-related products in May 2024, reflecting a strategic push into high-conviction, sector-specific leveraged offerings. AAPD itself maintains steady operations with recent quarterly distributions, including $0.12095 per share in June 2025, amid ongoing share price fluctuations and elevated trading volumes typical of inverse equity funds.
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