Choreo LLC boosted its holdings in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) by 197.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 76,867 shares of the company’s stock after buying an additional 51,040 shares during the quarter. Choreo LLC’s holdings in Direxion Daily S&P 500 Bear 1x Shares were worth $852,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. Synergy Asset Management LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter worth approximately $47,000. NovaPoint Capital LLC purchased a new position in Direxion Daily S&P 500 Bear 1x Shares in the 3rd quarter worth approximately $157,000. Creative Planning bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter worth $282,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the 3rd quarter valued at $337,000. Finally, ORG Partners LLC lifted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 3,697.7% during the 4th quarter. ORG Partners LLC now owns 131,590 shares of the company’s stock worth $1,449,000 after acquiring an additional 128,125 shares during the last quarter.
Direxion Daily S&P 500 Bear 1x Shares Trading Up 1.0 %
Shares of NYSEARCA:SPDN opened at $10.81 on Monday. Direxion Daily S&P 500 Bear 1x Shares has a 52-week low of $10.60 and a 52-week high of $13.01. The firm has a fifty day moving average of $10.84 and a 200 day moving average of $11.21.
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.
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Want to see what other hedge funds are holding SPDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report).
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