Axxcess Wealth Management LLC Acquires 90,925 Shares of Direxion Daily S&P 500 Bear 1x Shares $SPDN

Axxcess Wealth Management LLC boosted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 86.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 195,605 shares of the company’s stock after buying an additional 90,925 shares during the period. Axxcess Wealth Management LLC’s holdings in Direxion Daily S&P 500 Bear 1x Shares were worth $1,880,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SPDN. ORG Partners LLC increased its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 6,132.2% during the 3rd quarter. ORG Partners LLC now owns 131,250 shares of the company’s stock valued at $1,261,000 after acquiring an additional 129,144 shares during the last quarter. Arkadios Wealth Advisors boosted its position in Direxion Daily S&P 500 Bear 1x Shares by 125.4% during the third quarter. Arkadios Wealth Advisors now owns 894,034 shares of the company’s stock worth $8,592,000 after purchasing an additional 497,419 shares during the period. Texas Yale Capital Corp. acquired a new position in Direxion Daily S&P 500 Bear 1x Shares during the third quarter valued at approximately $961,000. Intellectus Partners LLC acquired a new position in Direxion Daily S&P 500 Bear 1x Shares during the second quarter valued at approximately $157,000. Finally, Choreo LLC raised its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 201.1% in the second quarter. Choreo LLC now owns 100,741 shares of the company’s stock valued at $1,051,000 after purchasing an additional 67,284 shares during the period.

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

Shares of Direxion Daily S&P 500 Bear 1x Shares stock opened at $9.47 on Friday. The firm has a fifty day simple moving average of $9.40 and a 200-day simple moving average of $9.61. Direxion Daily S&P 500 Bear 1x Shares has a 1-year low of $9.26 and a 1-year high of $13.35.

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.