Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) Shares Down 1.2% – What’s Next?

Shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) dropped 1.2% on Monday . The company traded as low as $9.80 and last traded at $9.91. Approximately 136,445,828 shares traded hands during trading, an increase of 160% from the average daily volume of 52,454,480 shares. The stock had previously closed at $10.03.

Direxion Daily S&P 500 Bear 1x Shares Price Performance

The firm’s fifty day moving average price is $9.49 and its 200-day moving average price is $9.54.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 1x Shares

Several large investors have recently bought and sold shares of the stock. Steward Partners Investment Advisory LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter worth about $49,000. A. D. Beadell Investment Counsel Inc. acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter valued at about $117,000. IHT Wealth Management LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter valued at about $159,000. Moors & Cabot Inc. grew its stake in Direxion Daily S&P 500 Bear 1x Shares by 27.0% during the 3rd quarter. Moors & Cabot Inc. now owns 17,132 shares of the company’s stock worth $165,000 after buying an additional 3,647 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in Direxion Daily S&P 500 Bear 1x Shares during the 2nd quarter worth approximately $181,000.

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.