Revere Asset Management Inc Invests $22.61 Million in Direxion Daily S&P 500 Bull 2X Shares $SPUU

Revere Asset Management Inc purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 122,820 shares of the company’s stock, valued at approximately $22,611,000. Direxion Daily S&P 500 Bull 2X Shares makes up 8.0% of Revere Asset Management Inc’s portfolio, making the stock its 4th biggest position. Revere Asset Management Inc owned approximately 0.10% of Direxion Daily S&P 500 Bull 2X Shares at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Allworth Financial LP grew its stake in shares of Direxion Daily S&P 500 Bull 2X Shares by 106.4% during the 3rd quarter. Allworth Financial LP now owns 194 shares of the company’s stock worth $35,000 after acquiring an additional 100 shares in the last quarter. Chung Wu Investment Group LLC grew its stake in shares of Direxion Daily S&P 500 Bull 2X Shares by 43.8% during the 3rd quarter. Chung Wu Investment Group LLC now owns 920 shares of the company’s stock worth $165,000 after acquiring an additional 280 shares in the last quarter. Bison Wealth LLC bought a new position in shares of Direxion Daily S&P 500 Bull 2X Shares during the 4th quarter worth approximately $210,000. UBS Group AG bought a new position in shares of Direxion Daily S&P 500 Bull 2X Shares during the 3rd quarter worth approximately $3,238,000. Finally, Tower Research Capital LLC TRC bought a new position in shares of Direxion Daily S&P 500 Bull 2X Shares during the 2nd quarter worth approximately $7,678,000.

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

Shares of SPUU opened at $215.13 on Tuesday. The stock has a market capitalization of $243.10 million, a P/E ratio of 25.96 and a beta of 2.02. Direxion Daily S&P 500 Bull 2X Shares has a twelve month low of $136.30 and a twelve month high of $217.67. The company has a 50 day moving average of $189.06 and a 200-day moving average of $186.42.

Direxion Daily S&P 500 Bull 2X Shares Company Profile

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.