Robinson Value Management Ltd. lessened its holdings in Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN – Free Report) by 3.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,010,588 shares of the company’s stock after selling 79,691 shares during the quarter. Direxion Daily S&P 500 Bear 1X ETF accounts for approximately 9.5% of Robinson Value Management Ltd.’s holdings, making the stock its biggest holding. Robinson Value Management Ltd. owned approximately 6.07% of Direxion Daily S&P 500 Bear 1X ETF worth $17,050,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Strait & Sound Wealth Management LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1X ETF during the 1st quarter worth about $100,000. Define Financial LLC bought a new stake in Direxion Daily S&P 500 Bear 1X ETF in the third quarter valued at about $91,000. Waverly Advisors LLC bought a new stake in Direxion Daily S&P 500 Bear 1X ETF in the first quarter valued at about $136,000. HBW Advisory Services LLC bought a new stake in Direxion Daily S&P 500 Bear 1X ETF in the third quarter valued at about $123,000. Finally, A. D. Beadell Investment Counsel Inc. raised its position in Direxion Daily S&P 500 Bear 1X ETF by 60.0% in the first quarter. A. D. Beadell Investment Counsel Inc. now owns 20,000 shares of the company’s stock worth $199,000 after purchasing an additional 7,500 shares in the last quarter.
Direxion Daily S&P 500 Bear 1X ETF Price Performance
NYSEARCA:SPDN opened at $8.44 on Wednesday. Direxion Daily S&P 500 Bear 1X ETF has a 12-month low of $8.28 and a 12-month high of $10.28. The firm has a 50-day moving average price of $8.48 and a 200 day moving average price of $8.73.
About Direxion Daily S&P 500 Bear 1X ETF
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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