SB Capital Management Inc Makes New Investment in Direxion Daily S&P 500 Bear 1x Shares $SPDN

SB Capital Management Inc bought a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 109,330 shares of the company’s stock, valued at approximately $1,031,000. SB Capital Management Inc owned 0.49% of Direxion Daily S&P 500 Bear 1x Shares as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Rockport Wealth LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter worth approximately $26,392,000. Leuthold Group LLC boosted its holdings in Direxion Daily S&P 500 Bear 1x Shares by 34.6% in the fourth quarter. Leuthold Group LLC now owns 2,340,534 shares of the company’s stock worth $22,071,000 after purchasing an additional 601,711 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in Direxion Daily S&P 500 Bear 1x Shares by 763,361.5% in the fourth quarter. NewEdge Advisors LLC now owns 496,250 shares of the company’s stock worth $4,680,000 after purchasing an additional 496,185 shares during the last quarter. Bison Wealth LLC purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter worth approximately $4,236,000. Finally, HRT Financial LP bought a new stake in Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter worth approximately $2,886,000.

Direxion Daily S&P 500 Bear 1x Shares Trading Down 0.9%

Shares of SPDN opened at $8.73 on Friday. The firm has a fifty day simple moving average of $8.93 and a two-hundred day simple moving average of $9.31. Direxion Daily S&P 500 Bear 1x Shares has a 1-year low of $8.58 and a 1-year high of $10.88.

Direxion Daily S&P 500 Bear 1x Shares 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.