Direxion Daily S&P 500 Bear 1x Shares $SPDN Shares Acquired by Verus Capital Partners LLC

Verus Capital Partners LLC grew its holdings in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 119.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 142,931 shares of the company’s stock after acquiring an additional 77,678 shares during the period. Verus Capital Partners LLC owned about 0.58% of Direxion Daily S&P 500 Bear 1x Shares worth $1,422,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Rockport Wealth LLC acquired a new position in Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter valued at $26,392,000. IMC Chicago LLC boosted its holdings in Direxion Daily S&P 500 Bear 1x Shares by 306.9% in the first quarter. IMC Chicago LLC now owns 974,315 shares of the company’s stock valued at $9,694,000 after purchasing an additional 734,884 shares during the last quarter. Leuthold Group LLC grew its position in Direxion Daily S&P 500 Bear 1x Shares by 34.6% during the 4th quarter. Leuthold Group LLC now owns 2,340,534 shares of the company’s stock worth $22,071,000 after purchasing an additional 601,711 shares during the period. NewEdge Advisors LLC grew its position in Direxion Daily S&P 500 Bear 1x Shares by 763,361.5% during the 4th quarter. NewEdge Advisors LLC now owns 496,250 shares of the company’s stock worth $4,680,000 after purchasing an additional 496,185 shares during the period. Finally, Bison Wealth LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter valued at about $4,236,000.

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

Shares of SPDN stock opened at $8.71 on Friday. The business has a 50-day simple moving average of $8.73 and a 200-day simple moving average of $9.16. Direxion Daily S&P 500 Bear 1x Shares has a 52-week low of $8.58 and a 52-week high of $10.35.

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.