Virtu Financial LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 257,662 shares of the company’s stock, valued at approximately $3,424,000. Virtu Financial LLC owned about 1.32% of Direxion Daily S&P 500 Bear 1x Shares at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. ORG Partners LLC increased its holdings in Direxion Daily S&P 500 Bear 1x Shares by 37.0% in the fourth quarter. ORG Partners LLC now owns 6,775 shares of the company’s stock worth $90,000 after purchasing an additional 1,830 shares in the last quarter. Moulton Wealth Management Inc. bought a new stake in Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter worth approximately $154,000. Bison Wealth LLC bought a new stake in Direxion Daily S&P 500 Bear 1x Shares in the third quarter worth approximately $212,000. Headlands Technologies LLC bought a new stake in Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter worth approximately $258,000. Finally, Tower Research Capital LLC TRC increased its holdings in Direxion Daily S&P 500 Bear 1x Shares by 693.6% in the third quarter. Tower Research Capital LLC TRC now owns 44,838 shares of the company’s stock worth $665,000 after purchasing an additional 39,188 shares in the last quarter.
Direxion Daily S&P 500 Bear 1x Shares Stock Performance
SPDN stock remained flat at $11.96 during mid-day trading on Friday. The company’s stock had a trading volume of 906,537 shares, compared to its average volume of 3,469,176. The business’s 50 day moving average price is $12.38 and its 200 day moving average price is $12.79. Direxion Daily S&P 500 Bear 1x Shares has a 1-year low of $11.91 and a 1-year high of $15.57.
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.
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