Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) Short Interest Up 416.2% in July

Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 63,962 shares, an increase of 416.2% from the June 30th total of 12,391 shares. Based on an average trading volume of 22,734 shares, the short-interest ratio is currently 2.8 days. Approximately 5.4% of the shares of the stock are sold short.

Direxion Daily S&P 500 Bull 2X Shares Stock Up 0.1%

Shares of SPUU traded up $0.23 on Friday, reaching $209.64. The stock had a trading volume of 13,803 shares, compared to its average volume of 27,125. The firm has a market capitalization of $247.38 million, a PE ratio of 25.96 and a beta of 2.02. The firm has a 50-day moving average of $214.42 and a 200 day moving average of $195.85. Direxion Daily S&P 500 Bull 2X Shares has a twelve month low of $154.85 and a twelve month high of $223.49.

Institutional Trading of Direxion Daily S&P 500 Bull 2X Shares

A number of institutional investors have recently bought and sold shares of SPUU. Allworth Financial LP increased its position in shares of Direxion Daily S&P 500 Bull 2X Shares by 106.4% in the third quarter. Allworth Financial LP now owns 194 shares of the company’s stock valued at $35,000 after buying an additional 100 shares in the last quarter. Mariner LLC acquired a new stake in Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter valued at about $208,000. Bison Wealth LLC acquired a new stake in Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter valued at about $210,000. Chung Wu Investment Group LLC increased its holdings in Direxion Daily S&P 500 Bull 2X Shares by 58.7% during the 4th quarter. Chung Wu Investment Group LLC now owns 1,460 shares of the company’s stock valued at $269,000 after acquiring an additional 540 shares in the last quarter. Finally, CPR Investments Inc. purchased a new position in Direxion Daily S&P 500 Bull 2X Shares during the 1st quarter valued at about $348,000.

Direxion Daily S&P 500 Bull 2X Shares Company 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.