IMC Chicago LLC increased its stake in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) by 306.9% in the 1st quarter, Holdings Channel reports. The firm owned 974,315 shares of the company’s stock after purchasing an additional 734,884 shares during the period. IMC Chicago LLC’s holdings in Direxion Daily S&P 500 Bear 1x Shares were worth $9,694,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of SPDN. Bison Wealth LLC acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter worth about $4,236,000. XTX Topco Ltd acquired a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the second quarter valued at approximately $181,000. IHT Wealth Management LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the second quarter valued at approximately $159,000. HRT Financial LP purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the second quarter valued at approximately $2,886,000. Finally, Two Sigma Securities LLC lifted its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 228.6% in the second quarter. Two Sigma Securities LLC now owns 118,310 shares of the company’s stock valued at $1,219,000 after acquiring an additional 82,308 shares in the last quarter.
Direxion Daily S&P 500 Bear 1x Shares Stock Down 0.3%
Shares of NYSEARCA:SPDN opened at $8.60 on Thursday. The business’s 50 day moving average price is $8.74 and its 200-day moving average price is $9.21. Direxion Daily S&P 500 Bear 1x Shares has a 1 year low of $8.58 and a 1 year high of $10.35.
Direxion Daily S&P 500 Bear 1x Shares 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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Want to see what other hedge funds are holding SPDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report).
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