Virtu Financial LLC boosted its position in shares of Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU – Free Report) by 295.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,007 shares of the company’s stock after buying an additional 26,163 shares during the period. Direxion Daily S&P 500 Bull 2X Shares makes up about 0.2% of Virtu Financial LLC’s portfolio, making the stock its 26th biggest holding. Virtu Financial LLC owned about 2.85% of Direxion Daily S&P 500 Bull 2X Shares worth $6,445,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Revere Asset Management Inc bought a new stake in Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter worth approximately $22,611,000. Tower Research Capital LLC TRC bought a new position in shares of Direxion Daily S&P 500 Bull 2X Shares during the 2nd quarter valued at approximately $7,678,000. UBS Group AG purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the third quarter valued at $3,238,000. Chung Wu Investment Group LLC grew its holdings in shares of Direxion Daily S&P 500 Bull 2X Shares by 58.7% in the fourth quarter. Chung Wu Investment Group LLC now owns 1,460 shares of the company’s stock valued at $269,000 after purchasing an additional 540 shares in the last quarter. Finally, Bison Wealth LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the fourth quarter valued at $210,000.
Direxion Daily S&P 500 Bull 2X Shares Stock Performance
Shares of SPUU opened at $215.95 on Friday. The company’s fifty day moving average is $206.43 and its 200 day moving average is $190.81. Direxion Daily S&P 500 Bull 2X Shares has a fifty-two week low of $144.54 and a fifty-two week high of $223.49. The stock has a market capitalization of $244.02 million, a PE ratio of 25.96 and a beta of 2.02.
Direxion Daily S&P 500 Bull 2X Shares Profile
The Direxion Daily S&P 500 Bull 2X Shares (SPUU) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 2x daily leveraged exposure to the S&P 500, a market-cap-weighted index of US large-cap stocks selected by S&Ps index committee. SPUU was launched on May 28, 2014 and is managed by Direxion.
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