Chung Wu Investment Group LLC acquired a new stake in Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU – Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,790 shares of the company’s stock, valued at approximately $265,000. Chung Wu Investment Group LLC owned 0.14% of Direxion Daily S&P 500 Bull 2X Shares at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in SPUU. Virtu Financial LLC bought a new stake in Direxion Daily S&P 500 Bull 2X Shares during the 3rd quarter worth approximately $6,564,000. US Bancorp DE bought a new stake in Direxion Daily S&P 500 Bull 2X Shares during the 4th quarter worth approximately $3,111,000. MMA Asset Management LLC bought a new stake in Direxion Daily S&P 500 Bull 2X Shares during the 4th quarter worth approximately $829,000. Fermata Advisors LLC bought a new stake in Direxion Daily S&P 500 Bull 2X Shares during the 4th quarter worth approximately $204,000. Finally, SBI Securities Co. Ltd. bought a new stake in Direxion Daily S&P 500 Bull 2X Shares during the 4th quarter worth approximately $39,000.
Direxion Daily S&P 500 Bull 2X Shares Stock Up 1.9 %
SPUU stock opened at $144.45 on Thursday. The firm has a market cap of $163.23 million, a PE ratio of 26.71 and a beta of 2.03. The business has a 50 day moving average of $152.66 and a 200-day moving average of $148.33. Direxion Daily S&P 500 Bull 2X Shares has a 12-month low of $109.44 and a 12-month high of $160.38.
Direxion Daily S&P 500 Bull 2X Shares Company Profile
The Direxion Daily S&P 500 Bull 2X Shares (SPUU) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 2x daily leveraged exposure to the S&P 500, a market-cap-weighted index of US large-cap stocks selected by S&Ps index committee. SPUU was launched on May 28, 2014 and is managed by Direxion.
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