Ascentis Independent Advisors bought a new stake in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 223,814 shares of the company’s stock, valued at approximately $2,227,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Bison Wealth LLC acquired a new position in Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter valued at $4,236,000. XTX Topco Ltd acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the second quarter worth about $181,000. IHT Wealth Management LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter valued at about $159,000. HRT Financial LP purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter valued at about $2,886,000. Finally, Two Sigma Securities LLC boosted its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 228.6% in the 2nd quarter. Two Sigma Securities LLC now owns 118,310 shares of the company’s stock valued at $1,219,000 after purchasing an additional 82,308 shares during the period.
Direxion Daily S&P 500 Bear 1x Shares Stock Down 1.0%
SPDN opened at $8.62 on Tuesday. Direxion Daily S&P 500 Bear 1x Shares has a 52 week low of $8.58 and a 52 week high of $10.35. The business’s 50 day moving average is $8.79 and its two-hundred day moving average is $9.25.
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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