Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) Stake Lifted by Acute Investment Advisory LLC

Acute Investment Advisory LLC grew its holdings in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 3.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 566,002 shares of the company’s stock after acquiring an additional 18,478 shares during the quarter. Direxion Daily S&P 500 Bear 1x Shares comprises 4.4% of Acute Investment Advisory LLC’s investment portfolio, making the stock its 7th biggest holding. Acute Investment Advisory LLC owned about 2.90% of Direxion Daily S&P 500 Bear 1x Shares worth $7,522,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Kaydan Wealth Management Inc. purchased a new position in Direxion Daily S&P 500 Bear 1x Shares during the 3rd quarter worth approximately $14,535,000. Leuthold Group LLC grew its stake in Direxion Daily S&P 500 Bear 1x Shares by 21.8% during the 3rd quarter. Leuthold Group LLC now owns 1,790,778 shares of the company’s stock worth $26,575,000 after buying an additional 320,224 shares during the last quarter. Envestnet Asset Management Inc. acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 3rd quarter worth approximately $3,929,000. Renaissance Technologies LLC acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 1st quarter worth approximately $2,526,000. Finally, One Plus One Wealth Management LLC acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter worth approximately $2,007,000.

Direxion Daily S&P 500 Bear 1x Shares Stock Up 0.2 %

Direxion Daily S&P 500 Bear 1x Shares stock traded up $0.02 during mid-day trading on Wednesday, reaching $12.71. 1,790,788 shares of the company were exchanged, compared to its average volume of 3,431,625. Direxion Daily S&P 500 Bear 1x Shares has a twelve month low of $12.12 and a twelve month high of $15.81. The firm’s 50-day simple moving average is $12.51 and its two-hundred day simple moving average is $13.47.

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.