Harmony Asset Management LLC decreased its position in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) by 79.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 26,707 shares of the company’s stock after selling 103,988 shares during the quarter. Harmony Asset Management LLC’s holdings in Direxion Daily S&P 500 Bear 1x Shares were worth $266,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in SPDN. Rockport Wealth LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter valued at about $26,392,000. Leuthold Group LLC boosted its holdings in Direxion Daily S&P 500 Bear 1x Shares by 34.6% during the fourth quarter. Leuthold Group LLC now owns 2,340,534 shares of the company’s stock worth $22,071,000 after purchasing an additional 601,711 shares during the last quarter. One Plus One Wealth Management LLC grew its position in Direxion Daily S&P 500 Bear 1x Shares by 35.9% in the 1st quarter. One Plus One Wealth Management LLC now owns 1,403,480 shares of the company’s stock worth $13,965,000 after purchasing an additional 370,941 shares in the last quarter. NewEdge Advisors LLC grew its position in Direxion Daily S&P 500 Bear 1x Shares by 763,361.5% in the 4th quarter. NewEdge Advisors LLC now owns 496,250 shares of the company’s stock worth $4,680,000 after purchasing an additional 496,185 shares in the last quarter. Finally, Bison Wealth LLC purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter valued at about $4,236,000.
Direxion Daily S&P 500 Bear 1x Shares Price Performance
Direxion Daily S&P 500 Bear 1x Shares stock opened at $8.65 on Friday. Direxion Daily S&P 500 Bear 1x Shares has a 52 week low of $8.58 and a 52 week high of $10.35. The company’s 50 day moving average price is $8.73 and its two-hundred day moving average price is $9.21.
Direxion Daily S&P 500 Bear 1x Shares 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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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).
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