Direxion Daily S&P 500 Bear 1x Shares $SPDN is Leuthold Group LLC’s 2nd Largest Position

Leuthold Group LLC increased its holdings in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 34.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,340,534 shares of the company’s stock after purchasing an additional 601,711 shares during the period. Direxion Daily S&P 500 Bear 1x Shares accounts for 2.4% of Leuthold Group LLC’s investment portfolio, making the stock its 2nd biggest position. Leuthold Group LLC owned about 0.11% of Direxion Daily S&P 500 Bear 1x Shares worth $22,071,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPDN. A. D. Beadell Investment Counsel Inc. purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter valued at $117,000. IHT Wealth Management LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the second quarter valued at $159,000. Moors & Cabot Inc. grew its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 27.0% in the third quarter. Moors & Cabot Inc. now owns 17,132 shares of the company’s stock valued at $165,000 after purchasing an additional 3,647 shares during the period. XTX Topco Ltd purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the second quarter valued at $181,000. Finally, Resonant Capital Advisors LLC grew its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 49.7% in the fourth quarter. Resonant Capital Advisors LLC now owns 40,145 shares of the company’s stock valued at $379,000 after purchasing an additional 13,325 shares during the period.

Direxion Daily S&P 500 Bear 1x Shares Stock Up 1.1%

Shares of NYSEARCA:SPDN opened at $8.80 on Friday. Direxion Daily S&P 500 Bear 1x Shares has a 52 week low of $8.68 and a 52 week high of $11.16. The business has a fifty day simple moving average of $9.45 and a 200-day simple moving average of $9.45.

About Direxion Daily S&P 500 Bear 1x Shares

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.