Advisory Services Network LLC Cuts Holdings in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN)

Advisory Services Network LLC reduced its position in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 2.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 504,824 shares of the company’s stock after selling 12,390 shares during the quarter. Advisory Services Network LLC owned about 2.59% of Direxion Daily S&P 500 Bear 1x Shares worth $6,709,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in SPDN. ORG Partners LLC grew its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 37.0% during the fourth quarter. ORG Partners LLC now owns 6,775 shares of the company’s stock valued at $90,000 after acquiring an additional 1,830 shares in the last quarter. Moulton Wealth Management Inc. acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter valued at about $154,000. Bison Wealth LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the third quarter valued at about $212,000. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter valued at about $258,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 693.6% during the third quarter. Tower Research Capital LLC TRC now owns 44,838 shares of the company’s stock valued at $665,000 after acquiring an additional 39,188 shares in the last quarter.

Direxion Daily S&P 500 Bear 1x Shares Stock Down 0.5 %

NYSEARCA:SPDN traded down $0.06 during mid-day trading on Friday, reaching $12.20. The stock had a trading volume of 3,979,478 shares, compared to its average volume of 3,649,427. Direxion Daily S&P 500 Bear 1x Shares has a 1-year low of $12.10 and a 1-year high of $15.57. The stock’s 50 day simple moving average is $12.41 and its two-hundred day simple moving average is $13.02.

Direxion Daily S&P 500 Bear 1x Shares Profile

The Direxion Daily S&P 500 Bear 1X Shares (SPDN) is an exchange-traded fund that is based on the S&P 500 index. The fund provides daily inverse exposure to the S&P 500, a market-cap-weighted index of 500 US large-cap firms selected by the S&Ps index committee. SPDN was launched on Jun 8, 2016 and is managed by Direxion.