Direxion Daily S&P 500 Bull 2X ETF (NYSEARCA:SPUU – Get Free Report) saw a significant increase in short interest in October. As of October 15th, there was short interest totaling 72,030 shares, an increase of 95.7% from the September 30th total of 36,810 shares. Currently, 5.2% of the shares of the company are sold short. Based on an average trading volume of 18,447 shares, the short-interest ratio is currently 3.9 days.
Direxion Daily S&P 500 Bull 2X ETF Trading Down 3.4%
Shares of SPUU opened at $216.96 on Friday. The stock has a 50 day moving average of $224.58 and a 200 day moving average of $205.74. The company has a market capitalization of $277.71 million, a price-to-earnings ratio of 25.96 and a beta of 2.02. Direxion Daily S&P 500 Bull 2X ETF has a 12 month low of $154.85 and a 12 month high of $232.69.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of SPUU. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily S&P 500 Bull 2X ETF by 31.0% during the 3rd quarter. SBI Securities Co. Ltd. now owns 591 shares of the company’s stock valued at $131,000 after purchasing an additional 140 shares during the last quarter. Ramsey Quantitative Systems purchased a new stake in shares of Direxion Daily S&P 500 Bull 2X ETF during the 3rd quarter worth approximately $176,000. Client First Investment Management LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 2X ETF during the 2nd quarter worth approximately $1,261,000. Dedeker Financial LLC raised its holdings in shares of Direxion Daily S&P 500 Bull 2X ETF by 0.7% in the 3rd quarter. Dedeker Financial LLC now owns 14,526 shares of the company’s stock worth $3,219,000 after purchasing an additional 95 shares during the period. Finally, CPR Investments Inc. bought a new stake in shares of Direxion Daily S&P 500 Bull 2X ETF in the 3rd quarter worth approximately $3,232,000.
About Direxion Daily S&P 500 Bull 2X ETF
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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