74,698 Shares in Direxion Daily S&P 500 Bull 2X Shares $SPUU Acquired by Robinson Value Management Ltd.

Robinson Value Management Ltd. bought a new position in shares of Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) during the first quarter, HoldingsChannel.com reports. The firm bought 74,698 shares of the company’s stock, valued at approximately $12,351,000. Direxion Daily S&P 500 Bull 2X Shares comprises 6.9% of Robinson Value Management Ltd.’s portfolio, making the stock its 2nd biggest position. Robinson Value Management Ltd. owned 0.07% of Direxion Daily S&P 500 Bull 2X Shares as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SPUU. Allworth Financial LP lifted its holdings in Direxion Daily S&P 500 Bull 2X Shares by 106.4% during the third quarter. Allworth Financial LP now owns 194 shares of the company’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter. Mariner LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares in the fourth quarter worth $208,000. Bison Wealth LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares during the 4th quarter valued at $210,000. Chung Wu Investment Group LLC raised its position in shares of Direxion Daily S&P 500 Bull 2X Shares by 58.7% during the 4th quarter. Chung Wu Investment Group LLC now owns 1,460 shares of the company’s stock valued at $269,000 after purchasing an additional 540 shares during the period. Finally, CPR Investments Inc. purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares during the 1st quarter valued at $348,000.

Direxion Daily S&P 500 Bull 2X Shares Stock Performance

Shares of Direxion Daily S&P 500 Bull 2X Shares stock opened at $219.29 on Thursday. The company has a market capitalization of $258.76 million, a P/E ratio of 25.96 and a beta of 2.02. The company has a fifty day moving average of $214.29 and a 200 day moving average of $194.60. Direxion Daily S&P 500 Bull 2X Shares has a fifty-two week low of $154.85 and a fifty-two week high of $223.49.

Direxion Daily S&P 500 Bull 2X Shares 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.