The Direxion Daily AAPL Bear 1X Shares ETF, which inversely tracks Apple's stock performance, saw movement influenced by recent developments surrounding Apple Inc. On December 5, 2024, Apple released the iOS 18.2 release candidate, which is set to introduce new features like Apple Intelligence and Genmoji, potentially impacting user engagement and device sales. However, despite these innovations, Apple's stock faced pressure due to broader market dynamics and competitive challenges in the technology sector. Notably, Apple's stock hit a new high, but concerns about a sales slowdown and competitive pressures from companies like Amazon and Nvidia have created a mixed outlook for investors.
The ETF's price closed at $15.84, with a slight increase of 0.25% after market hours, reaching $15.88.