Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) Short Interest Down 61.9% in January

Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) was the target of a large drop in short interest in the month of January. As of January 15th, there was short interest totaling 3,877 shares, a drop of 61.9% from the December 31st total of 10,164 shares. Currently, 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 23,751 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily trading volume, of 23,751 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.3% of the company’s stock are short sold.

Institutional Trading of Direxion Daily S&P 500 Bull 2X Shares

A number of large investors have recently made changes to their positions in SPUU. Exchange Traded Concepts LLC grew its stake in Direxion Daily S&P 500 Bull 2X Shares by 78.1% during the 3rd quarter. Exchange Traded Concepts LLC now owns 115,597 shares of the company’s stock worth $20,785,000 after buying an additional 50,700 shares during the last quarter. Tower Research Capital LLC TRC purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares during the second quarter worth approximately $7,678,000. UBS Group AG acquired a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the 3rd quarter valued at $3,238,000. Bison Wealth LLC purchased a new stake in Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter valued at $210,000. Finally, Sonoma Allocations LLC acquired a new stake in Direxion Daily S&P 500 Bull 2X Shares during the 3rd quarter worth $222,000.

Direxion Daily S&P 500 Bull 2X Shares Price Performance

Shares of Direxion Daily S&P 500 Bull 2X Shares stock traded down $1.56 during trading on Friday, hitting $188.46. 39,488 shares of the stock were exchanged, compared to its average volume of 27,124. Direxion Daily S&P 500 Bull 2X Shares has a 12-month low of $97.44 and a 12-month high of $191.80. The stock has a market cap of $231.81 million, a price-to-earnings ratio of 25.96 and a beta of 2.03. The firm’s 50-day moving average price is $186.78 and its 200 day moving average price is $178.35.

Direxion Daily S&P 500 Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were issued a $1.9058 dividend. This represents a $7.62 annualized dividend and a dividend yield of 4.0%. The ex-dividend date was Wednesday, December 10th. This is a positive change from Direxion Daily S&P 500 Bull 2X Shares’s previous quarterly dividend of $0.24.

About Direxion Daily S&P 500 Bull 2X Shares

The Direxion Daily S&P 500 Bull 2X Shares (SPUU) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 2x daily leveraged exposure to the S&P 500, a market-cap-weighted index of US large-cap stocks selected by S&Ps index committee. SPUU was launched on May 28, 2014 and is managed by Direxion.