ORG Partners LLC grew its position in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) by 3,697.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 131,590 shares of the company’s stock after acquiring an additional 128,125 shares during the quarter. ORG Partners LLC owned about 0.83% of Direxion Daily S&P 500 Bear 1x Shares worth $1,449,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of SPDN. Strategic Investment Solutions Inc. IL bought a new position in Direxion Daily S&P 500 Bear 1x Shares during the second quarter valued at $83,000. NovaPoint Capital LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the 3rd quarter valued at about $157,000. Creative Planning purchased a new position in Direxion Daily S&P 500 Bear 1x Shares in the second quarter worth about $282,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Direxion Daily S&P 500 Bear 1x Shares during the third quarter worth approximately $337,000. Finally, Choreo LLC bought a new stake in 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
Shares of NYSEARCA:SPDN traded up $0.14 during trading on Friday, hitting $11.09. The company had a trading volume of 3,229,201 shares, compared to its average volume of 10,918,212. The company has a fifty day simple moving average of $10.91 and a two-hundred day simple moving average of $11.33. Direxion Daily S&P 500 Bear 1x Shares has a one year low of $10.69 and a one year high of $13.51.
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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