Axxcess Wealth Management LLC Invests $848,000 in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN)

Axxcess Wealth Management LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 76,985 shares of the company’s stock, valued at approximately $848,000. Axxcess Wealth Management LLC owned 0.48% of Direxion Daily S&P 500 Bear 1x Shares as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in SPDN. Kovack Advisors Inc. purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter worth $134,000. Choreo LLC grew its stake in Direxion Daily S&P 500 Bear 1x Shares by 197.6% during the 4th quarter. Choreo LLC now owns 76,867 shares of the company’s stock worth $852,000 after buying an additional 51,040 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 53.3% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,000 shares of the company’s stock worth $498,000 after acquiring an additional 16,000 shares during the last quarter. Synergy Asset Management LLC purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter worth approximately $47,000. Finally, ORG Partners LLC increased its stake 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 valued at $1,449,000 after purchasing an additional 128,125 shares in the last quarter.

Direxion Daily S&P 500 Bear 1x Shares Trading Up 0.3 %

NYSEARCA:SPDN opened at $11.55 on Friday. Direxion Daily S&P 500 Bear 1x Shares has a 12 month low of $10.60 and a 12 month high of $12.96. The firm has a fifty day simple moving average of $11.00 and a 200-day simple moving average of $11.08.

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.