Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) Short Interest Update

Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 969,000 shares, a decrease of 57.1% from the June 30th total of 2,258,856 shares. Based on an average daily volume of 34,843,442 shares, the short-interest ratio is currently 0.0 days. Approximately 3.7% of the shares of the company are sold short.

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

SPDN opened at $8.80 on Monday. The company’s 50 day moving average is $8.73 and its 200 day moving average is $9.18. Direxion Daily S&P 500 Bear 1x Shares has a 12-month low of $8.58 and a 12-month high of $10.35.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Rockport Wealth LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter worth $26,392,000. IMC Chicago LLC raised its holdings in Direxion Daily S&P 500 Bear 1x Shares by 306.9% in the 1st quarter. IMC Chicago LLC now owns 974,315 shares of the company’s stock worth $9,694,000 after purchasing an additional 734,884 shares during the period. Leuthold Group LLC raised its holdings in Direxion Daily S&P 500 Bear 1x Shares by 34.6% in the 4th quarter. Leuthold Group LLC now owns 2,340,534 shares of the company’s stock worth $22,071,000 after purchasing an additional 601,711 shares during the period. NewEdge Advisors LLC lifted its position in Direxion Daily S&P 500 Bear 1x Shares by 763,361.5% during the fourth quarter. NewEdge Advisors LLC now owns 496,250 shares of the company’s stock valued at $4,680,000 after purchasing an additional 496,185 shares in the last quarter. Finally, Bison Wealth LLC purchased a new position in Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter valued at $4,236,000.

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.