Main Street Group LTD Sells 99 Shares of Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU)

Main Street Group LTD lowered its stake in Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) by 35.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 178 shares of the company’s stock after selling 99 shares during the quarter. Main Street Group LTD’s holdings in Direxion Daily S&P 500 Bull 2X Shares were worth $26,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Legacy Investment Solutions LLC increased its position in Direxion Daily S&P 500 Bull 2X Shares by 97.5% during the 4th quarter. Legacy Investment Solutions LLC now owns 401 shares of the company’s stock worth $62,000 after purchasing an additional 198 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares during the fourth quarter worth $39,000. Fermata Advisors LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 2X Shares during the fourth quarter worth $204,000. Bison Wealth LLC bought a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter valued at $210,000. Finally, Chung Wu Investment Group LLC bought a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter valued at $265,000.

Direxion Daily S&P 500 Bull 2X Shares Stock Up 1.4%

Shares of SPUU stock opened at $141.93 on Wednesday. Direxion Daily S&P 500 Bull 2X Shares has a twelve month low of $97.44 and a twelve month high of $160.38. The stock’s fifty day simple moving average is $126.74 and its 200 day simple moving average is $143.59. The firm has a market capitalization of $153.28 million, a P/E ratio of 24.49 and a beta of 2.01.

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.