NovaPoint Capital LLC purchased a new position in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 14,003 shares of the company’s stock, valued at approximately $157,000. NovaPoint Capital LLC owned approximately 0.09% of Direxion Daily S&P 500 Bear 1x Shares at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of SPDN. ORG Partners LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the second quarter valued at $75,000. Choreo LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the second quarter worth approximately $377,000. Kaydan Wealth Management Inc. boosted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 110.3% during the first quarter. Kaydan Wealth Management Inc. now owns 2,027,786 shares of the company’s stock worth $24,678,000 after purchasing an additional 1,063,750 shares during the period. Leuthold Group LLC grew its position in Direxion Daily S&P 500 Bear 1x Shares by 0.4% during the first quarter. Leuthold Group LLC now owns 1,738,497 shares of the company’s stock valued at $21,158,000 after purchasing an additional 6,925 shares in the last quarter. Finally, Creative Planning acquired a new position in Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter valued at approximately $282,000.
Direxion Daily S&P 500 Bear 1x Shares Price Performance
Shares of NYSEARCA:SPDN opened at $11.05 on Friday. The firm has a fifty day moving average of $11.48 and a two-hundred day moving average of $11.90. Direxion Daily S&P 500 Bear 1x Shares has a 12-month low of $11.01 and a 12-month high of $15.57.
Direxion Daily S&P 500 Bear 1x Shares 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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