NewEdge Advisors LLC reduced its stake in shares of Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN – Free Report) by 32.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 569,021 shares of the company’s stock after selling 272,679 shares during the quarter. NewEdge Advisors LLC’s holdings in Direxion Daily S&P 500 Bear 1X ETF were worth $4,933,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Strait & Sound Wealth Management LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1X ETF during the 1st quarter valued at approximately $100,000. Waverly Advisors LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1X ETF in the 1st quarter worth approximately $136,000. Moors & Cabot Inc. grew its holdings in shares of Direxion Daily S&P 500 Bear 1X ETF by 8.9% in the 4th quarter. Moors & Cabot Inc. now owns 18,655 shares of the company’s stock worth $176,000 after acquiring an additional 1,523 shares during the period. A. D. Beadell Investment Counsel Inc. increased its stake in Direxion Daily S&P 500 Bear 1X ETF by 60.0% in the 1st quarter. A. D. Beadell Investment Counsel Inc. now owns 20,000 shares of the company’s stock valued at $199,000 after purchasing an additional 7,500 shares in the last quarter. Finally, Lifeworks Advisors LLC increased its stake in Direxion Daily S&P 500 Bear 1X ETF by 55.2% in the 1st quarter. Lifeworks Advisors LLC now owns 24,469 shares of the company’s stock valued at $243,000 after purchasing an additional 8,705 shares in the last quarter.
Direxion Daily S&P 500 Bear 1X ETF Stock Up 0.5%
Shares of SPDN stock opened at $8.62 on Tuesday. The stock has a fifty day moving average price of $8.59 and a 200 day moving average price of $8.97. Direxion Daily S&P 500 Bear 1X ETF has a 1 year low of $8.36 and a 1 year high of $10.28.
Direxion Daily S&P 500 Bear 1X ETF 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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