Kaydan Wealth Management Inc. reduced its holdings in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) by 1.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,956,737 shares of the company’s stock after selling 25,220 shares during the period. Direxion Daily S&P 500 Bear 1x Shares comprises 6.5% of Kaydan Wealth Management Inc.’s holdings, making the stock its 7th largest position. Kaydan Wealth Management Inc. owned about 0.12% of Direxion Daily S&P 500 Bear 1x Shares worth $21,915,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in SPDN. EdgeRock Capital LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the 2nd quarter worth about $42,000. ORG Partners LLC purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 2nd quarter worth approximately $75,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the second quarter valued at approximately $83,000. Creative Planning acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the second quarter worth approximately $282,000. Finally, Choreo LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the second quarter worth approximately $377,000.
Direxion Daily S&P 500 Bear 1x Shares Price Performance
NYSEARCA SPDN opened at $11.08 on Thursday. The business has a fifty day moving average price of $11.53 and a 200 day moving average price of $11.92. Direxion Daily S&P 500 Bear 1x Shares has a one year low of $11.02 and a one year high of $15.57.
About Direxion Daily S&P 500 Bear 1x Shares
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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