Advisory Services Network LLC Reduces Stock Position in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN)

Advisory Services Network LLC decreased its holdings in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 28.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 360,821 shares of the company’s stock after selling 144,003 shares during the period. Advisory Services Network LLC owned about 2.27% of Direxion Daily S&P 500 Bear 1x Shares worth $4,391,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SPDN. ORG Partners LLC increased its stake in Direxion Daily S&P 500 Bear 1x Shares by 37.0% in the 4th quarter. ORG Partners LLC now owns 6,775 shares of the company’s stock worth $90,000 after buying an additional 1,830 shares during the period. Headlands Technologies LLC purchased a new position in Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter worth $258,000. Maltin Wealth Management Inc. raised its position in Direxion Daily S&P 500 Bear 1x Shares by 52.3% during the 4th quarter. Maltin Wealth Management Inc. now owns 66,302 shares of the company’s stock valued at $881,000 after purchasing an additional 22,765 shares in the last quarter. Bison Wealth LLC lifted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 813.6% in the 4th quarter. Bison Wealth LLC now owns 130,502 shares of the company’s stock worth $1,734,000 after buying an additional 116,217 shares during the period. Finally, One Plus One Wealth Management LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter worth $2,007,000.

Direxion Daily S&P 500 Bear 1x Shares Stock Performance

Shares of Direxion Daily S&P 500 Bear 1x Shares stock traded down $0.09 during trading on Friday, hitting $11.45. 325,177 shares of the stock traded hands, compared to its average volume of 3,216,649. Direxion Daily S&P 500 Bear 1x Shares has a 52-week low of $11.42 and a 52-week high of $15.57. The stock’s fifty day simple moving average is $12.05 and its 200 day simple moving average is $12.53.

About Direxion Daily S&P 500 Bear 1x Shares

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.