NewEdge Advisors LLC raised its stake in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) by 69.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 841,700 shares of the company’s stock after purchasing an additional 345,450 shares during the quarter. NewEdge Advisors LLC owned 3.43% of Direxion Daily S&P 500 Bear 1x Shares worth $8,375,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently modified their holdings of SPDN. IMC Chicago LLC bought a new position in Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter valued at $2,258,000. Harmony Asset Management LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter valued at about $1,232,000. SB Capital Management Inc purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter valued at about $1,031,000. January Capital Advisors LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the 1st quarter worth approximately $1,977,000. Finally, Verus Capital Partners LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter valued at approximately $615,000.
Direxion Daily S&P 500 Bear 1x Shares Price Performance
Shares of SPDN opened at $8.43 on Monday. The stock has a 50 day moving average of $8.71 and a 200 day moving average of $9.13. Direxion Daily S&P 500 Bear 1x Shares has a 12 month low of $8.38 and a 12 month high of $10.28.
About Direxion Daily S&P 500 Bear 1x Shares
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.
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