Direxion Daily S&P 500 Bear 1X ETF $SPDN Stock Purchased by Leuthold Group LLC

Leuthold Group LLC raised its position in Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN) by 31.4% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,989,784 shares of the company’s stock after acquiring an additional 954,274 shares during the period. Direxion Daily S&P 500 Bear 1X ETF comprises approximately 3.1% of Leuthold Group LLC’s holdings, making the stock its largest holding. Leuthold Group LLC owned 0.12% of Direxion Daily S&P 500 Bear 1X ETF worth $33,833,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. IMC Chicago LLC grew its holdings in shares of Direxion Daily S&P 500 Bear 1X ETF by 306.9% during the 1st quarter. IMC Chicago LLC now owns 974,315 shares of the company’s stock worth $9,694,000 after purchasing an additional 734,884 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of Direxion Daily S&P 500 Bear 1X ETF by 69.6% in the first quarter. NewEdge Advisors LLC now owns 841,700 shares of the company’s stock valued at $8,375,000 after purchasing an additional 345,450 shares in the last quarter. First Pacific Financial acquired a new position in shares of Direxion Daily S&P 500 Bear 1X ETF in the third quarter valued at $2,315,000. January Capital Advisors LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 1X ETF in the first quarter valued at $1,977,000. Finally, Rockport Wealth LLC lifted its position in Direxion Daily S&P 500 Bear 1X ETF by 3.8% in the first quarter. Rockport Wealth LLC now owns 2,904,522 shares of the company’s stock worth $28,911,000 after purchasing an additional 105,788 shares during the period.

Direxion Daily S&P 500 Bear 1X ETF Stock Down 2.5%

Shares of SPDN stock opened at $8.62 on Tuesday. Direxion Daily S&P 500 Bear 1X ETF has a one year low of $8.28 and a one year high of $10.28. The stock has a fifty day moving average price of $8.50 and a 200 day moving average price of $8.92.

Direxion Daily S&P 500 Bear 1X ETF 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.