Simplex Trading LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN – Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 182,002 shares of the company’s stock, valued at approximately $1,543,000. Simplex Trading LLC owned about 0.53% of Direxion Daily S&P 500 Bear 1X ETF at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in SPDN. Leuthold Group LLC increased its position in shares of Direxion Daily S&P 500 Bear 1X ETF by 31.4% during the third quarter. Leuthold Group LLC now owns 3,989,784 shares of the company’s stock worth $33,833,000 after acquiring an additional 954,274 shares in the last quarter. StoneX Group Inc. bought a new position in Direxion Daily S&P 500 Bear 1X ETF in the 3rd quarter valued at about $619,000. Verus Capital Partners LLC lifted its position in Direxion Daily S&P 500 Bear 1X ETF by 28.0% in the 3rd quarter. Verus Capital Partners LLC now owns 166,989 shares of the company’s stock valued at $1,416,000 after acquiring an additional 36,576 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new position in Direxion Daily S&P 500 Bear 1X ETF during the 3rd quarter valued at about $212,000. Finally, Choreo LLC boosted 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.
Direxion Daily S&P 500 Bear 1X ETF Price Performance
Shares of SPDN opened at $8.62 on Tuesday. The stock has a 50 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 has a 52 week low of $8.28 and a 52 week high of $10.28.
About Direxion Daily S&P 500 Bear 1X ETF
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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