Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) Short Interest Down 37.4% in January

Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) was the target of a significant decrease in short interest in January. As of January 30th, there was short interest totaling 2,428 shares, a decrease of 37.4% from the January 15th total of 3,877 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 30,578 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 30,578 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.2% of the shares of the stock are sold short.

Direxion Daily S&P 500 Bull 2X Shares Trading Up 0.0%

Shares of SPUU stock traded up $0.02 during trading hours on Friday, hitting $182.55. 14,805 shares of the company’s stock were exchanged, compared to its average volume of 25,014. The company has a market capitalization of $224.54 million, a PE ratio of 25.96 and a beta of 2.03. Direxion Daily S&P 500 Bull 2X Shares has a 12-month low of $97.44 and a 12-month high of $191.80. The business’s 50 day simple moving average is $187.01 and its 200-day simple moving average is $180.04.

Direxion Daily S&P 500 Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were paid a $1.9058 dividend. This is a boost from Direxion Daily S&P 500 Bull 2X Shares’s previous quarterly dividend of $0.24. This represents a $7.62 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Wednesday, December 10th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of SPUU. Allworth Financial LP lifted its stake in shares of Direxion Daily S&P 500 Bull 2X Shares by 106.4% in the 3rd quarter. Allworth Financial LP now owns 194 shares of the company’s stock valued at $35,000 after acquiring an additional 100 shares during the last quarter. Legacy Investment Solutions LLC bought a new stake in Direxion Daily S&P 500 Bull 2X Shares in the second quarter valued at approximately $75,000. SBI Securities Co. Ltd. boosted its stake in shares of Direxion Daily S&P 500 Bull 2X Shares by 70.8% during the second quarter. SBI Securities Co. Ltd. now owns 854 shares of the company’s stock valued at $134,000 after purchasing an additional 354 shares during the period. Chung Wu Investment Group LLC boosted its stake in shares of Direxion Daily S&P 500 Bull 2X Shares by 43.8% during the third quarter. Chung Wu Investment Group LLC now owns 920 shares of the company’s stock valued at $165,000 after purchasing an additional 280 shares during the period. Finally, Bison Wealth LLC bought a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the fourth quarter worth approximately $210,000.

Direxion Daily S&P 500 Bull 2X Shares Company Profile

The Direxion Daily S&P 500 Bull 2X Shares (SPUU) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 2x daily leveraged exposure to the S&P 500, a market-cap-weighted index of US large-cap stocks selected by S&Ps index committee. SPUU was launched on May 28, 2014 and is managed by Direxion.