Verus Capital Partners LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 65,253 shares of the company’s stock, valued at approximately $615,000. Verus Capital Partners LLC owned about 0.29% of Direxion Daily S&P 500 Bear 1x Shares at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in the business. Moors & Cabot Inc. lifted its holdings in Direxion Daily S&P 500 Bear 1x Shares by 8.9% during the 4th quarter. Moors & Cabot Inc. now owns 18,655 shares of the company’s stock valued at $176,000 after purchasing an additional 1,523 shares during the last quarter. Harmony Asset Management LLC acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter valued at $1,232,000. Rockport Wealth LLC acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter valued at $26,392,000. Leuthold Group LLC lifted its holdings in Direxion Daily S&P 500 Bear 1x Shares by 34.6% during the 4th quarter. Leuthold Group LLC now owns 2,340,534 shares of the company’s stock valued at $22,071,000 after purchasing an additional 601,711 shares during the last quarter. Finally, IMC Chicago LLC acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter valued at $2,258,000.
Direxion Daily S&P 500 Bear 1x Shares Stock Up 2.6%
Shares of Direxion Daily S&P 500 Bear 1x Shares stock opened at $8.84 on Friday. The business has a fifty day simple moving average of $9.13 and a two-hundred day simple moving average of $9.37. Direxion Daily S&P 500 Bear 1x Shares has a 1 year low of $8.58 and a 1 year high of $10.88.
Direxion Daily S&P 500 Bear 1x Shares Company 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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