Chung Wu Investment Group LLC Makes New $100,000 Investment in Direxion Daily S&P 500 Bull 2X Shares $SPUU

Chung Wu Investment Group LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) in the second quarter, Holdings Channel.com reports. The fund acquired 640 shares of the company’s stock, valued at approximately $100,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Kingswood Wealth Advisors LLC purchased a new stake in Direxion Daily S&P 500 Bull 2X Shares during the first quarter valued at about $288,000. Exchange Traded Concepts LLC bought a new position in shares of Direxion Daily S&P 500 Bull 2X Shares during the 2nd quarter valued at about $10,157,000. Flow Traders U.S. LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares during the 1st quarter valued at about $700,000. Inscription Capital LLC bought a new stake in Direxion Daily S&P 500 Bull 2X Shares in the 1st quarter worth approximately $381,000. Finally, Bison Wealth LLC purchased a new stake in Direxion Daily S&P 500 Bull 2X Shares in the fourth quarter worth approximately $210,000.

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

Shares of NYSEARCA SPUU opened at $181.28 on Monday. The stock has a market capitalization of $204.85 million, a P/E ratio of 25.96 and a beta of 2.06. Direxion Daily S&P 500 Bull 2X Shares has a one year low of $97.44 and a one year high of $183.00. The firm’s 50 day simple moving average is $170.56 and its two-hundred day simple moving average is $150.55.

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.