Simplex Trading LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 182,002 shares of the company’s stock, valued at approximately $1,543,000.
Other institutional investors have also recently made changes to their positions in the company. Leuthold Group LLC grew its stake in shares of Direxion Daily S&P 500 Bear 1X ETF by 31.4% in the 3rd quarter. Leuthold Group LLC now owns 3,989,784 shares of the company’s stock worth $33,833,000 after acquiring an additional 954,274 shares in the last quarter. StoneX Group Inc. purchased a new stake in shares of Direxion Daily S&P 500 Bear 1X ETF in the third quarter valued at about $619,000. Verus Capital Partners LLC lifted its position in shares of Direxion Daily S&P 500 Bear 1X ETF by 28.0% during the third quarter. Verus Capital Partners LLC now owns 166,989 shares of the company’s stock valued at $1,416,000 after purchasing an additional 36,576 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Direxion Daily S&P 500 Bear 1X ETF during the third quarter valued at about $212,000. Finally, Choreo LLC lifted its position in shares of Direxion Daily S&P 500 Bear 1X ETF by 38.9% during the third quarter. Choreo LLC now owns 213,377 shares of the company’s stock valued at $1,809,000 after purchasing an additional 59,703 shares in the last quarter.
Direxion Daily S&P 500 Bear 1X ETF Stock Performance
Direxion Daily S&P 500 Bear 1X ETF stock opened at $8.62 on Tuesday. Direxion Daily S&P 500 Bear 1X ETF has a fifty-two week low of $8.28 and a fifty-two week high of $10.28. The firm’s 50-day simple moving average is $8.50 and its 200 day simple moving average is $8.92.
Direxion Daily S&P 500 Bear 1X ETF 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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