Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) Short Interest Up 21.4% in December

Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 2,091,213 shares, a growth of 21.4% from the December 15th total of 1,722,639 shares. Based on an average daily trading volume, of 23,219,084 shares, the short-interest ratio is presently 0.1 days. Approximately 9.6% of the company’s stock are short sold. Approximately 9.6% of the company’s stock are short sold. Based on an average daily trading volume, of 23,219,084 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily S&P 500 Bear 1x Shares Price Performance

Shares of NYSEARCA SPDN opened at $9.53 on Wednesday. The business’s 50-day simple moving average is $9.47 and its 200-day simple moving average is $9.72. Direxion Daily S&P 500 Bear 1x Shares has a 52 week low of $9.26 and a 52 week high of $13.35.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 1x Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Leuthold Group LLC lifted its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 0.4% in the third quarter. Leuthold Group LLC now owns 1,738,823 shares of the company’s stock worth $16,710,000 after buying an additional 7,254 shares during the last quarter. One Plus One Wealth Management LLC raised its holdings in Direxion Daily S&P 500 Bear 1x Shares by 12.5% in the 2nd quarter. One Plus One Wealth Management LLC now owns 1,079,984 shares of the company’s stock worth $11,124,000 after acquiring an additional 119,992 shares during the period. Arkadios Wealth Advisors raised its holdings in Direxion Daily S&P 500 Bear 1x Shares by 125.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 894,034 shares of the company’s stock worth $8,592,000 after acquiring an additional 497,419 shares during the period. Bison Wealth LLC acquired a new position in Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter worth $4,236,000. Finally, Jump Financial LLC boosted its holdings in Direxion Daily S&P 500 Bear 1x Shares by 13.6% during the third quarter. Jump Financial LLC now owns 382,037 shares of the company’s stock valued at $3,671,000 after acquiring an additional 45,804 shares during the period.

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.