Verus Capital Partners LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) in the fourth quarter, Holdings Channel reports. The fund bought 65,253 shares of the company’s stock, valued at approximately $615,000.
A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Moors & Cabot Inc. lifted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 8.9% during the fourth quarter. Moors & Cabot Inc. now owns 18,655 shares of the company’s stock worth $176,000 after buying an additional 1,523 shares in the last quarter. Harmony Asset Management LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter worth $1,232,000. Rockport Wealth LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter worth $26,392,000. Leuthold Group LLC lifted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 34.6% during the fourth quarter. Leuthold Group LLC now owns 2,340,534 shares of the company’s stock worth $22,071,000 after buying an additional 601,711 shares in the last quarter. Finally, IMC Chicago LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter worth $2,258,000.
Direxion Daily S&P 500 Bear 1x Shares Price Performance
SPDN opened at $8.84 on Friday. Direxion Daily S&P 500 Bear 1x Shares has a fifty-two week low of $8.58 and a fifty-two week high of $10.88. The stock has a fifty day moving average of $9.13 and a 200-day moving average of $9.37.
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.
See Also
- Five stocks we like better than Direxion Daily S&P 500 Bear 1x Shares
- AI Server Earnings: Wall Street Sees One Clear Standout
- Navitas: NVIDIA’s AI Power Broker?
- A Lulu of a Miss Sends Lululemon to New Lows—Look Out Below
- NVIDIA’s New Power Play: Why Fluence Is Surging
Want to see what other hedge funds are holding SPDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report).
Receive News & Ratings for Direxion Daily S&P 500 Bear 1x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily S&P 500 Bear 1x Shares and related companies with MarketBeat.com's FREE daily email newsletter.
