First Pacific Financial acquired a new stake in Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 272,984 shares of the company’s stock, valued at approximately $2,315,000.
A number of other large investors have also made changes to their positions in SPDN. Rockport Wealth LLC boosted its stake in shares of Direxion Daily S&P 500 Bear 1X ETF by 3.8% during the first quarter. Rockport Wealth LLC now owns 2,904,522 shares of the company’s stock valued at $28,911,000 after acquiring an additional 105,788 shares during the last quarter. One Plus One Wealth Management LLC raised its stake in Direxion Daily S&P 500 Bear 1X ETF by 35.9% in the 1st quarter. One Plus One Wealth Management LLC now owns 1,403,480 shares of the company’s stock valued at $13,965,000 after purchasing an additional 370,941 shares during the last quarter. IMC Chicago LLC raised its stake in Direxion Daily S&P 500 Bear 1X ETF by 306.9% in the 1st quarter. IMC Chicago LLC now owns 974,315 shares of the company’s stock valued at $9,694,000 after purchasing an additional 734,884 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in Direxion Daily S&P 500 Bear 1X ETF by 69.6% in the 1st quarter. NewEdge Advisors LLC now owns 841,700 shares of the company’s stock valued at $8,375,000 after purchasing an additional 345,450 shares in the last quarter. Finally, Ascentis Independent Advisors purchased a new position in Direxion Daily S&P 500 Bear 1X ETF in the 1st quarter valued at about $2,227,000.
Direxion Daily S&P 500 Bear 1X ETF Stock Performance
NYSEARCA:SPDN opened at $8.43 on Thursday. Direxion Daily S&P 500 Bear 1X ETF has a 12-month low of $8.28 and a 12-month high of $10.28. The company’s 50-day moving average is $8.48 and its two-hundred day moving average is $8.77.
Direxion Daily S&P 500 Bear 1X ETF 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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