Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU – Get Free Report) saw a significant increase in short interest in July. As of July 15th, there was short interest totaling 63,962 shares, an increase of 416.2% from the June 30th total of 12,391 shares. Currently, 5.4% of the company’s stock are short sold. Based on an average trading volume of 22,734 shares, the short-interest ratio is presently 2.8 days.
Direxion Daily S&P 500 Bull 2X Shares Price Performance
NYSEARCA SPUU traded up $3.12 on Monday, hitting $212.76. The stock had a trading volume of 2,275 shares, compared to its average volume of 26,935. The business’s fifty day moving average price is $214.42 and its 200 day moving average price is $195.91. The stock has a market cap of $251.06 million, a price-to-earnings ratio of 25.96 and a beta of 2.02. Direxion Daily S&P 500 Bull 2X Shares has a 52-week low of $154.85 and a 52-week high of $223.49.
Hedge Funds Weigh In On Direxion Daily S&P 500 Bull 2X Shares
Several hedge funds have recently modified their holdings of SPUU. Client First Investment Management LLC acquired a new stake in Direxion Daily S&P 500 Bull 2X Shares in the 2nd quarter worth approximately $1,261,000. Robinson Value Management Ltd. acquired a new position in Direxion Daily S&P 500 Bull 2X Shares during the 1st quarter valued at approximately $12,351,000. CPR Investments Inc. acquired a new position in Direxion Daily S&P 500 Bull 2X Shares during the 1st quarter valued at approximately $348,000. Virtu Financial LLC raised its holdings in shares of Direxion Daily S&P 500 Bull 2X Shares by 295.8% in the fourth quarter. Virtu Financial LLC now owns 35,007 shares of the company’s stock worth $6,445,000 after buying an additional 26,163 shares during the last quarter. Finally, Mariner LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the fourth quarter worth $208,000.
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.
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