Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU – Get Free Report) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 63,962 shares, an increase of 416.2% from the June 30th total of 12,391 shares. Based on an average daily volume of 22,734 shares, the short-interest ratio is presently 2.8 days. Approximately 5.4% of the shares of the company are short sold.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Client First Investment Management LLC acquired a new stake in Direxion Daily S&P 500 Bull 2X Shares during the second quarter worth about $1,261,000. Robinson Value Management Ltd. acquired a new position in Direxion Daily S&P 500 Bull 2X Shares in the 1st quarter valued at approximately $12,351,000. CPR Investments Inc. acquired a new position in Direxion Daily S&P 500 Bull 2X Shares in the 1st quarter valued at approximately $348,000. Virtu Financial LLC lifted its position in shares of Direxion Daily S&P 500 Bull 2X Shares by 295.8% in the 4th quarter. Virtu Financial LLC now owns 35,007 shares of the company’s stock worth $6,445,000 after acquiring an additional 26,163 shares during the period. Finally, Mariner LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter worth approximately $208,000.
Direxion Daily S&P 500 Bull 2X Shares Price Performance
NYSEARCA:SPUU traded up $0.23 during midday trading on Friday, reaching $209.64. The stock had a trading volume of 13,803 shares, compared to its average volume of 27,125. The stock has a market capitalization of $247.38 million, a P/E ratio of 25.96 and a beta of 2.02. The firm’s fifty day simple moving average is $214.42 and its 200-day simple moving average is $195.85. Direxion Daily S&P 500 Bull 2X Shares has a 1-year low of $154.85 and a 1-year high of $223.49.
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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