Short Interest in Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) Declines By 37.4%

Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) was the recipient of a large decrease in short interest in January. As of January 30th, there was short interest totaling 2,428 shares, a decrease of 37.4% from the January 15th total of 3,877 shares. Based on an average daily volume of 30,578 shares, the short-interest ratio is presently 0.1 days. Approximately 0.2% of the company’s stock are short sold. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 30,578 shares, the short-interest ratio is presently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Allworth Financial LP lifted its position in shares of Direxion Daily S&P 500 Bull 2X Shares by 106.4% in the 3rd quarter. Allworth Financial LP now owns 194 shares of the company’s stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. Legacy Investment Solutions LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares during the 2nd quarter worth about $75,000. SBI Securities Co. Ltd. raised its position in shares of Direxion Daily S&P 500 Bull 2X Shares by 70.8% in the second quarter. SBI Securities Co. Ltd. now owns 854 shares of the company’s stock valued at $134,000 after purchasing an additional 354 shares during the period. Chung Wu Investment Group LLC grew its position in shares of Direxion Daily S&P 500 Bull 2X Shares by 43.8% in the third quarter. Chung Wu Investment Group LLC now owns 920 shares of the company’s stock valued at $165,000 after purchasing an additional 280 shares during the last quarter. Finally, Bison Wealth LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares in the fourth quarter valued at approximately $210,000.

Direxion Daily S&P 500 Bull 2X Shares Trading Up 1.0%

NYSEARCA:SPUU traded up $1.81 on Friday, reaching $184.34. The stock had a trading volume of 11,916 shares, compared to its average volume of 24,903. Direxion Daily S&P 500 Bull 2X Shares has a 12-month low of $97.44 and a 12-month high of $191.80. The company has a 50-day moving average of $187.12 and a 200 day moving average of $179.92. The stock has a market cap of $226.74 million, a P/E ratio of 25.96 and a beta of 2.03.

Direxion Daily S&P 500 Bull 2X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were issued a $1.9058 dividend. This is a boost from Direxion Daily S&P 500 Bull 2X Shares’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $7.62 dividend on an annualized basis and a dividend yield of 4.1%.

About Direxion Daily S&P 500 Bull 2X Shares

The Direxion Daily S&P 500 Bull 2X Shares (SPUU) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 2x daily leveraged exposure to the S&P 500, a market-cap-weighted index of US large-cap stocks selected by S&Ps index committee. SPUU was launched on May 28, 2014 and is managed by Direxion.