Fortis Advisors LLC Invests $970,000 in Direxion Daily S&P 500 Bear 1x Shares $SPDN

Fortis Advisors LLC bought a new stake in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 100,970 shares of the company’s stock, valued at approximately $970,000. Fortis Advisors LLC owned approximately 0.80% of Direxion Daily S&P 500 Bear 1x Shares at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Axxcess Wealth Management LLC lifted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 86.9% in the 3rd quarter. Axxcess Wealth Management LLC now owns 195,605 shares of the company’s stock worth $1,880,000 after purchasing an additional 90,925 shares in the last quarter. Texas Yale Capital Corp. acquired a new position in Direxion Daily S&P 500 Bear 1x Shares during the third quarter worth $961,000. Leuthold Group LLC lifted its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 0.4% in the third quarter. Leuthold Group LLC now owns 1,738,823 shares of the company’s stock valued at $16,710,000 after buying an additional 7,254 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 73.9% during the third quarter. Envestnet Asset Management Inc. now owns 300,235 shares of the company’s stock valued at $2,885,000 after buying an additional 127,581 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 94.3% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,500 shares of the company’s stock valued at $495,000 after buying an additional 25,000 shares during the last quarter.

Direxion Daily S&P 500 Bear 1x Shares Stock Up 0.3%

Shares of NYSEARCA SPDN opened at $9.47 on Friday. Direxion Daily S&P 500 Bear 1x Shares has a fifty-two week low of $9.26 and a fifty-two week high of $13.35. The firm’s 50-day simple moving average is $9.40 and its 200 day simple moving average is $9.61.

Direxion Daily S&P 500 Bear 1x Shares Company 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.