AAPD's 3.43% Yield Looks Great Until You See the 40% Hangover
AAPD's distributions are interest income from cash collateral on synthetic short positions, and falling interest rates plus price erosion make it unsuitable as an income vehicle.
If You Think Apple Trading For 36x Earnings Is Nuts, You Can Bet Against Them With AAPD ETF
AAPD provides -1x daily inverse exposure to Apple, offering a tactical bearish bet but is unsuitable for long-term holding due to daily rebalancing and compounding.