Maltin Wealth Management Inc. Sells 8,425 Shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN)

Maltin Wealth Management Inc. decreased its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 15.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,178 shares of the company’s stock after selling 8,425 shares during the period. Maltin Wealth Management Inc. owned approximately 0.29% of Direxion Daily S&P 500 Bear 1x Shares worth $508,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SPDN. Creative Planning acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter worth about $282,000. Strategic Investment Solutions Inc. IL acquired a new position in Direxion Daily S&P 500 Bear 1x Shares during the 2nd quarter valued at about $83,000. ORG Partners LLC increased its holdings in Direxion Daily S&P 500 Bear 1x Shares by 3,697.7% during the 4th quarter. ORG Partners LLC now owns 131,590 shares of the company’s stock worth $1,449,000 after purchasing an additional 128,125 shares in the last quarter. NovaPoint Capital LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the third quarter worth approximately $157,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the third quarter valued at approximately $337,000.

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

Shares of NYSEARCA:SPDN opened at $10.82 on Monday. Direxion Daily S&P 500 Bear 1x Shares has a 1-year low of $10.69 and a 1-year high of $13.45. The stock’s fifty day simple moving average is $10.89 and its two-hundred day simple moving average is $11.30.

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.