Chung Wu Investment Group LLC bought a new stake in Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 640 shares of the company’s stock, valued at approximately $100,000. Chung Wu Investment Group LLC owned approximately 0.06% of Direxion Daily S&P 500 Bull 2X Shares as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Exchange Traded Concepts LLC bought a new stake in Direxion Daily S&P 500 Bull 2X Shares during the second quarter worth $10,157,000. Flow Traders U.S. LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares during the 1st quarter worth $700,000. Inscription Capital LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the 1st quarter worth about $381,000. Kingswood Wealth Advisors LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the 1st quarter worth about $288,000. Finally, Bison Wealth LLC bought a new position in Direxion Daily S&P 500 Bull 2X Shares during the fourth quarter valued at about $210,000.
Direxion Daily S&P 500 Bull 2X Shares Stock Performance
NYSEARCA SPUU opened at $181.28 on Monday. The company has a market capitalization of $204.85 million, a PE ratio of 25.96 and a beta of 2.06. Direxion Daily S&P 500 Bull 2X Shares has a 52-week low of $97.44 and a 52-week high of $183.00. The company has a 50-day simple moving average of $170.56 and a 200 day simple moving average of $150.55.
About Direxion Daily S&P 500 Bull 2X Shares
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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