Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN – Get Free Report)’s share price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $8.49 and traded as high as $8.87. Direxion Daily S&P 500 Bear 1X ETF shares last traded at $8.85, with a volume of 183,945,046 shares.
Direxion Daily S&P 500 Bear 1X ETF Price Performance
The firm has a fifty day moving average of $8.49 and a 200-day moving average of $8.93.
Institutional Investors Weigh In On Direxion Daily S&P 500 Bear 1X ETF
Several large investors have recently added to or reduced their stakes in the stock. Simplex Trading LLC bought a new stake in Direxion Daily S&P 500 Bear 1X ETF in the third quarter valued at $1,543,000. Leuthold Group LLC boosted its holdings in shares of Direxion Daily S&P 500 Bear 1X ETF by 31.4% during the third quarter. Leuthold Group LLC now owns 3,989,784 shares of the company’s stock valued at $33,833,000 after acquiring an additional 954,274 shares during the period. StoneX Group Inc. acquired a new position in shares of Direxion Daily S&P 500 Bear 1X ETF during the third quarter valued at $619,000. Verus Capital Partners LLC grew its position in shares of Direxion Daily S&P 500 Bear 1X ETF by 28.0% during the third quarter. Verus Capital Partners LLC now owns 166,989 shares of the company’s stock worth $1,416,000 after acquiring an additional 36,576 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Direxion Daily S&P 500 Bear 1X ETF during the third quarter worth about $212,000.
About Direxion Daily S&P 500 Bear 1X ETF
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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