Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) Short Interest Update

Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) was the target of a significant drop in short interest during the month of July. As of July 15th, there was short interest totaling 969,000 shares, a drop of 57.1% from the June 30th total of 2,258,856 shares. Based on an average daily volume of 34,843,442 shares, the short-interest ratio is presently 0.0 days. Currently, 3.7% of the company’s stock are sold short.

Direxion Daily S&P 500 Bear 1x Shares Stock Up 1.5%

Direxion Daily S&P 500 Bear 1x Shares stock traded up $0.13 during midday trading on Wednesday, hitting $8.91. The stock had a trading volume of 68,744,808 shares, compared to its average volume of 54,932,320. Direxion Daily S&P 500 Bear 1x Shares has a 12 month low of $8.58 and a 12 month high of $10.35. The business has a fifty day moving average price of $8.73 and a 200 day moving average price of $9.17.

Institutional Investors Weigh In On Direxion Daily S&P 500 Bear 1x Shares

Institutional investors have recently made changes to their positions in the company. Rockport Wealth LLC bought a new position in Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter worth $26,392,000. IMC Chicago LLC increased its stake in Direxion Daily S&P 500 Bear 1x Shares by 306.9% during the first quarter. IMC Chicago LLC now owns 974,315 shares of the company’s stock valued at $9,694,000 after purchasing an additional 734,884 shares during the last quarter. Leuthold Group LLC raised its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 34.6% during the fourth quarter. Leuthold Group LLC now owns 2,340,534 shares of the company’s stock worth $22,071,000 after purchasing an additional 601,711 shares during the period. NewEdge Advisors LLC raised its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 763,361.5% during the fourth quarter. NewEdge Advisors LLC now owns 496,250 shares of the company’s stock worth $4,680,000 after purchasing an additional 496,185 shares during the period. Finally, Bison Wealth LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter worth about $4,236,000.

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.