Leuthold Group LLC boosted its holdings in Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN – Free Report) by 31.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,989,784 shares of the company’s stock after buying an additional 954,274 shares during the period. Direxion Daily S&P 500 Bear 1X ETF makes up about 3.1% of Leuthold Group LLC’s investment portfolio, making the stock its largest position. Leuthold Group LLC owned about 11.58% of Direxion Daily S&P 500 Bear 1X ETF worth $33,833,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of SPDN. StoneX Group Inc. bought a new stake in shares of Direxion Daily S&P 500 Bear 1X ETF in the third quarter valued at approximately $619,000. Verus Capital Partners LLC increased its position in Direxion Daily S&P 500 Bear 1X ETF by 28.0% during the third quarter. Verus Capital Partners LLC now owns 166,989 shares of the company’s stock worth $1,416,000 after acquiring an additional 36,576 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Direxion Daily S&P 500 Bear 1X ETF during the third quarter worth $212,000. Choreo LLC raised its stake in Direxion Daily S&P 500 Bear 1X ETF by 38.9% during the 3rd quarter. Choreo LLC now owns 213,377 shares of the company’s stock valued at $1,809,000 after purchasing an additional 59,703 shares during the last quarter. Finally, VestGen Advisors LLC acquired a new position in Direxion Daily S&P 500 Bear 1X ETF during the 3rd quarter valued at $134,000.
Direxion Daily S&P 500 Bear 1X ETF Price Performance
Shares of Direxion Daily S&P 500 Bear 1X ETF stock opened at $8.62 on Tuesday. Direxion Daily S&P 500 Bear 1X ETF has a fifty-two week low of $8.28 and a fifty-two week high of $10.28. The firm has a fifty day moving average price of $8.50 and a two-hundred day moving average price of $8.92.
Direxion Daily S&P 500 Bear 1X ETF 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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