Short Interest in Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) Expands By 1,955.6%

Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) saw a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 61,955 shares, a growth of 1,955.6% from the February 26th total of 3,014 shares. Currently, 5.0% of the shares of the company are sold short. Based on an average trading volume of 45,865 shares, the short-interest ratio is currently 1.4 days. Based on an average trading volume of 45,865 shares, the short-interest ratio is currently 1.4 days. Currently, 5.0% of the shares of the company are sold short.

Institutional Investors Weigh In On Direxion Daily S&P 500 Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the company. Allworth Financial LP raised its position in shares of Direxion Daily S&P 500 Bull 2X Shares by 106.4% in the third quarter. Allworth Financial LP now owns 194 shares of the company’s stock worth $35,000 after acquiring an additional 100 shares during the period. Chung Wu Investment Group LLC increased its stake in shares of Direxion Daily S&P 500 Bull 2X Shares by 43.8% in the 3rd 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 in the last quarter. Mariner LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter valued at about $208,000. Bison Wealth LLC acquired a new position in Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter worth about $210,000. Finally, Sonoma Allocations LLC purchased a new position in Direxion Daily S&P 500 Bull 2X Shares during the third quarter worth approximately $222,000.

Direxion Daily S&P 500 Bull 2X Shares Price Performance

SPUU traded down $1.82 on Tuesday, reaching $166.91. 16,724 shares of the stock were exchanged, compared to its average volume of 27,742. The company’s 50-day moving average price is $182.94 and its 200 day moving average price is $182.66. The firm has a market capitalization of $205.30 million, a PE ratio of 25.96 and a beta of 2.03. Direxion Daily S&P 500 Bull 2X Shares has a fifty-two week low of $97.44 and a fifty-two week high of $191.80.

Direxion Daily S&P 500 Bull 2X Shares Company Profile

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.