Direxion Daily S&P 500 Bear 1x Shares $SPDN Stock Position Increased by One Plus One Wealth Management LLC

One Plus One Wealth Management LLC increased its stake in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 35.9% in the first quarter, Holdings Channel reports. The institutional investor owned 1,403,480 shares of the company’s stock after acquiring an additional 370,941 shares during the period. Direxion Daily S&P 500 Bear 1x Shares makes up about 5.9% of One Plus One Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. One Plus One Wealth Management LLC owned 0.06% of Direxion Daily S&P 500 Bear 1x Shares worth $13,965,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of SPDN. Steward Partners Investment Advisory LLC purchased a new position in Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter worth $49,000. 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. lifted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 27.0% in the 3rd quarter. Moors & Cabot Inc. now owns 17,132 shares of the company’s stock worth $165,000 after acquiring an additional 3,647 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter worth about $181,000.

Direxion Daily S&P 500 Bear 1x Shares Stock Up 0.2%

SPDN stock opened at $8.83 on Thursday. Direxion Daily S&P 500 Bear 1x Shares has a 12 month low of $8.58 and a 12 month high of $10.50. The company has a 50-day moving average price of $8.87 and a 200 day moving average price of $9.29.

Direxion Daily S&P 500 Bear 1x Shares 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.