Client First Investment Management LLC Buys Shares of 5,849 Direxion Daily S&P 500 Bull 2X Shares $SPUU

Client First Investment Management LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 5,849 shares of the company’s stock, valued at approximately $1,261,000. Direxion Daily S&P 500 Bull 2X Shares makes up 0.5% of Client First Investment Management LLC’s investment portfolio, making the stock its 20th largest position. Client First Investment Management LLC owned 0.50% of Direxion Daily S&P 500 Bull 2X Shares as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in SPUU. Allworth Financial LP raised its holdings in shares of Direxion Daily S&P 500 Bull 2X Shares by 106.4% during the 3rd quarter. Allworth Financial LP now owns 194 shares of the company’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Mariner LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter valued at $208,000. Bison Wealth LLC bought a new stake in Direxion Daily S&P 500 Bull 2X Shares in the fourth quarter worth $210,000. Chung Wu Investment Group LLC boosted its holdings in 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 worth $269,000 after purchasing an additional 540 shares in the last quarter. Finally, CPR Investments Inc. bought a new position in Direxion Daily S&P 500 Bull 2X Shares during the first quarter valued at about $348,000.

Direxion Daily S&P 500 Bull 2X Shares Stock Performance

Shares of SPUU stock opened at $229.05 on Friday. The stock’s 50 day simple moving average is $214.97 and its 200 day simple moving average is $197.87. Direxion Daily S&P 500 Bull 2X Shares has a twelve month low of $154.85 and a twelve month high of $231.19. The company has a market capitalization of $281.73 million, a price-to-earnings 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.