SB Capital Management Inc purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 109,330 shares of the company’s stock, valued at approximately $1,031,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in SPDN. Steward Partners Investment Advisory LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter worth approximately $49,000. A. D. Beadell Investment Counsel Inc. purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter worth approximately $117,000. IHT Wealth Management LLC bought a new stake in Direxion Daily S&P 500 Bear 1x Shares during the second quarter valued at approximately $159,000. Moors & Cabot Inc. grew its position in Direxion Daily S&P 500 Bear 1x Shares by 27.0% during the third quarter. Moors & Cabot Inc. now owns 17,132 shares of the company’s stock valued at $165,000 after buying an additional 3,647 shares during the period. Finally, XTX Topco Ltd purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares during the second quarter valued at approximately $181,000.
Direxion Daily S&P 500 Bear 1x Shares Stock Down 0.9%
Shares of SPDN stock opened at $8.73 on Friday. Direxion Daily S&P 500 Bear 1x Shares has a 12 month low of $8.58 and a 12 month high of $10.88. The company has a 50 day simple moving average of $8.93 and a two-hundred day simple moving average of $9.31.
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.
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Want to see what other hedge funds are holding SPDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report).
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