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 recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 430,964 shares, a decrease of 79.4% from the December 31st total of 2,091,213 shares. Based on an average daily volume of 24,645,144 shares, the short-interest ratio is currently 0.0 days. Approximately 2.0% of the shares of the company are short sold. Approximately 2.0% of the shares of the company are short sold. Based on an average daily volume of 24,645,144 shares, the short-interest ratio is currently 0.0 days.

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

Hedge funds have recently added to or reduced their stakes in the stock. Choreo LLC lifted its holdings in Direxion Daily S&P 500 Bear 1x Shares by 45.6% during the 4th quarter. Choreo LLC now owns 145,304 shares of the company’s stock worth $1,371,000 after buying an additional 45,520 shares in the last quarter. 4WEALTH Advisors Inc. bought a new position in Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter valued at about $421,000. Maltin Wealth Management Inc. increased its position in Direxion Daily S&P 500 Bear 1x Shares by 63.8% in the fourth quarter. Maltin Wealth Management Inc. now owns 99,466 shares of the company’s stock worth $938,000 after purchasing an additional 38,759 shares during the period. One Plus One Wealth Management LLC raised its holdings in Direxion Daily S&P 500 Bear 1x Shares by 24.2% during the 4th quarter. One Plus One Wealth Management LLC now owns 1,032,539 shares of the company’s stock worth $9,737,000 after purchasing an additional 201,080 shares during the last quarter. Finally, Cushing Capital Partners LLC acquired a new position in Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter valued at about $1,151,000.

Direxion Daily S&P 500 Bear 1x Shares Stock Up 0.1%

SPDN stock traded up $0.01 during midday trading on Wednesday, hitting $9.29. The stock had a trading volume of 16,103,210 shares, compared to its average volume of 22,818,662. Direxion Daily S&P 500 Bear 1x Shares has a 52 week low of $9.26 and a 52 week high of $13.35. The stock has a 50-day simple moving average of $9.43 and a 200 day simple moving average of $9.69.

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.