Revere Asset Management Inc bought a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 122,820 shares of the company’s stock, valued at approximately $22,611,000. Direxion Daily S&P 500 Bull 2X Shares accounts for approximately 8.0% of Revere Asset Management Inc’s investment portfolio, making the stock its 4th largest holding. Revere Asset Management Inc owned 9.99% of Direxion Daily S&P 500 Bull 2X Shares as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of SPUU. Bison Wealth LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter valued at approximately $210,000. Tower Research Capital LLC TRC acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares in the 2nd quarter valued at approximately $7,678,000. Chung Wu Investment Group LLC raised its position in shares of Direxion Daily S&P 500 Bull 2X Shares by 43.8% in the 3rd quarter. Chung Wu Investment Group LLC now owns 920 shares of the company’s stock valued at $165,000 after acquiring an additional 280 shares during the period. UBS Group AG acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares in the 3rd quarter valued at approximately $3,238,000. Finally, Allworth Financial LP raised its position in shares of Direxion Daily S&P 500 Bull 2X Shares by 106.4% in the 3rd quarter. Allworth Financial LP now owns 194 shares of the company’s stock valued at $35,000 after acquiring an additional 100 shares during the period.
Direxion Daily S&P 500 Bull 2X Shares Price Performance
Shares of NYSEARCA:SPUU opened at $215.13 on Tuesday. The company has a market capitalization of $243.10 million, a price-to-earnings ratio of 25.96 and a beta of 2.02. The firm’s 50 day simple moving average is $189.06 and its 200 day simple moving average is $186.42. Direxion Daily S&P 500 Bull 2X Shares has a fifty-two week low of $136.30 and a fifty-two week high of $217.67.
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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