Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Get Free Report) saw some unusual options trading on Tuesday. Traders acquired 4,442 put options on the stock. This represents an increase of 1,635% compared to the typical daily volume of 256 put options.
Direxion Daily S&P 500 Bear 1x Shares Stock Performance
Shares of NYSEARCA SPDN traded down $0.03 during mid-day trading on Tuesday, reaching $8.53. 2,084,337 shares of the company traded hands, compared to its average volume of 52,411,859. The company’s fifty day moving average is $8.65 and its two-hundred day moving average is $9.06. Direxion Daily S&P 500 Bear 1x Shares has a fifty-two week low of $8.36 and a fifty-two week high of $10.28.
Institutional Trading of Direxion Daily S&P 500 Bear 1x Shares
Several large investors have recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in Direxion Daily S&P 500 Bear 1x Shares by 69.6% in the 1st quarter. NewEdge Advisors LLC now owns 841,700 shares of the company’s stock worth $8,375,000 after acquiring an additional 345,450 shares during the period. Verus Capital Partners LLC grew its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 119.0% in the first quarter. Verus Capital Partners LLC now owns 142,931 shares of the company’s stock valued at $1,422,000 after purchasing an additional 77,678 shares during the last quarter. January Capital Advisors LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the first quarter worth about $1,977,000. Strait & Sound Wealth Management LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the 1st quarter worth about $100,000. Finally, Waverly Advisors LLC bought a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 1st quarter valued at approximately $136,000.
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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