Leuthold Group LLC increased its position in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) by 34.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,340,534 shares of the company’s stock after purchasing an additional 601,711 shares during the quarter. Direxion Daily S&P 500 Bear 1x Shares accounts for 2.4% of Leuthold Group LLC’s investment portfolio, making the stock its 2nd biggest holding. Leuthold Group LLC owned approximately 10.54% of Direxion Daily S&P 500 Bear 1x Shares worth $22,071,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of SPDN. Arkadios Wealth Advisors raised its holdings in Direxion Daily S&P 500 Bear 1x Shares by 125.4% during the third quarter. Arkadios Wealth Advisors now owns 894,034 shares of the company’s stock worth $8,592,000 after purchasing an additional 497,419 shares during the last quarter. Bison Wealth LLC acquired a new position in Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter worth $4,236,000. HRT Financial LP acquired a new position in Direxion Daily S&P 500 Bear 1x Shares during the second quarter worth $2,886,000. IMC Chicago LLC acquired a new position in Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter worth $2,258,000. Finally, One Plus One Wealth Management LLC raised its holdings in Direxion Daily S&P 500 Bear 1x Shares by 24.2% during the fourth quarter. One Plus One Wealth Management LLC now owns 1,032,539 shares of the company’s stock worth $9,737,000 after purchasing an additional 201,080 shares during the last quarter.
Direxion Daily S&P 500 Bear 1x Shares Stock Up 1.1%
Shares of SPDN stock opened at $8.80 on Friday. The stock has a fifty day moving average price of $9.45 and a 200 day moving average price of $9.45. Direxion Daily S&P 500 Bear 1x Shares has a 1 year low of $8.68 and a 1 year high of $11.16.
About Direxion Daily S&P 500 Bear 1x Shares
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.
Recommended Stories
- Five stocks we like better than Direxion Daily S&P 500 Bear 1x Shares
- 3 Stocks to Own If Gas Prices Keep Rising
- 3 Crucial Aerospace Component Makers That Analysts Love
- Alphabet’s Googlebook Brings Gemini AI to PC Hardware
- Peloton Stock Gives Back Gains After Upbeat Earnings Report
Want to see what other hedge funds are holding SPDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report).
Receive News & Ratings for Direxion Daily S&P 500 Bear 1x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily S&P 500 Bear 1x Shares and related companies with MarketBeat.com's FREE daily email newsletter.
