Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN – Get Free Report) was the recipient of some unusual options trading on Monday. Stock traders purchased 4,797 put options on the company. This represents an increase of approximately 717% compared to the average volume of 587 put options.
Direxion Daily S&P 500 Bear 1X ETF Price Performance
SPDN stock traded down $0.09 during trading on Monday, reaching $8.51. 1,669,899 shares of the company were exchanged, compared to its average volume of 50,318,684. The company has a 50-day moving average of $8.59 and a two-hundred day moving average of $8.95. Direxion Daily S&P 500 Bear 1X ETF has a twelve month low of $8.36 and a twelve month high of $10.28.
Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 1X ETF
Large investors have recently modified their holdings of the business. Strait & Sound Wealth Management LLC bought a new position in Direxion Daily S&P 500 Bear 1X ETF during the 1st quarter worth $100,000. Waverly Advisors LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1X ETF during the 1st quarter worth approximately $136,000. Moors & Cabot Inc. grew its position in shares of Direxion Daily S&P 500 Bear 1X ETF by 8.9% during the 4th quarter. Moors & Cabot Inc. now owns 18,655 shares of the company’s stock worth $176,000 after buying an additional 1,523 shares during the period. A. D. Beadell Investment Counsel Inc. grew its position in shares of Direxion Daily S&P 500 Bear 1X ETF by 60.0% during the 1st quarter. A. D. Beadell Investment Counsel Inc. now owns 20,000 shares of the company’s stock worth $199,000 after buying an additional 7,500 shares during the period. Finally, Lifeworks Advisors LLC increased its stake in Direxion Daily S&P 500 Bear 1X ETF by 55.2% in the first quarter. Lifeworks Advisors LLC now owns 24,469 shares of the company’s stock valued at $243,000 after purchasing an additional 8,705 shares in the last quarter.
Direxion Daily S&P 500 Bear 1X ETF 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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