Short Interest in Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) Drops By 36.4%

Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) saw a significant decrease in short interest in May. As of May 29th, there was short interest totaling 9,139 shares, a decrease of 36.4% from the May 14th total of 14,370 shares. Based on an average trading volume of 15,307 shares, the short-interest ratio is currently 0.6 days. Currently, 0.8% of the shares of the company are short sold.

Direxion Daily S&P 500 Bull 2X Shares Price Performance

NYSEARCA SPUU opened at $212.34 on Monday. Direxion Daily S&P 500 Bull 2X Shares has a 1 year low of $144.54 and a 1 year high of $223.49. The company has a market capitalization of $239.94 million, a PE ratio of 25.96 and a beta of 2.02. The company has a fifty day moving average of $202.65 and a two-hundred day moving average of $189.93.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bull 2X Shares

Several large investors have recently bought and sold shares of the stock. Allworth Financial LP boosted its stake in Direxion Daily S&P 500 Bull 2X Shares by 106.4% in the third quarter. Allworth Financial LP now owns 194 shares of the company’s stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. Chung Wu Investment Group LLC boosted its stake in Direxion Daily S&P 500 Bull 2X Shares by 58.7% in the fourth quarter. Chung Wu Investment Group LLC now owns 1,460 shares of the company’s stock valued at $269,000 after acquiring an additional 540 shares in the last quarter. Mariner LLC acquired a new position in Direxion Daily S&P 500 Bull 2X Shares in the fourth quarter valued at $208,000. Bison Wealth LLC acquired a new position in Direxion Daily S&P 500 Bull 2X Shares in the fourth quarter valued at $210,000. Finally, CPR Investments Inc. acquired a new position in Direxion Daily S&P 500 Bull 2X Shares in the first quarter valued at $348,000.

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.