SBI Securities Co. Ltd. boosted its position in Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU – Free Report) by 70.8% during the second quarter, Holdings Channel reports. The fund owned 854 shares of the company’s stock after acquiring an additional 354 shares during the period. SBI Securities Co. Ltd.’s holdings in Direxion Daily S&P 500 Bull 2X Shares were worth $134,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in SPUU. Bison Wealth LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter worth about $210,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily S&P 500 Bull 2X Shares in the first quarter worth approximately $700,000. Exchange Traded Concepts LLC bought a new position in Direxion Daily S&P 500 Bull 2X Shares during the second quarter valued at approximately $10,157,000. Chung Wu Investment Group LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares during the second quarter worth approximately $100,000. Finally, Legacy Investment Solutions LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares during the second quarter worth approximately $75,000.
Direxion Daily S&P 500 Bull 2X Shares Stock Up 0.0%
Direxion Daily S&P 500 Bull 2X Shares stock opened at $181.26 on Monday. The firm has a fifty day simple moving average of $180.50 and a two-hundred day simple moving average of $163.48. Direxion Daily S&P 500 Bull 2X Shares has a twelve month low of $97.44 and a twelve month high of $191.36. The company has a market capitalization of $195.76 million, a PE ratio of 25.96 and a beta of 2.03.
Direxion Daily S&P 500 Bull 2X Shares 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.
Further Reading
- Five stocks we like better than Direxion Daily S&P 500 Bull 2X Shares
- How to Use the MarketBeat Dividend Calculator
- 4 Cold-Weather Stocks to Buy as Winter Spending Heats Up
- Stock Analyst Ratings and Canadian Analyst Ratings
- Disney Stock Drops—Will Earnings Pave Way for a YouTube TV Truce?
- Golden Cross Stocks: Pattern, Examples and Charts
- Meta’s Pain May Be Your Gain: Is This a Rare Buying Window?
Want to see what other hedge funds are holding SPUU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU – Free Report).
Receive News & Ratings for Direxion Daily S&P 500 Bull 2X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily S&P 500 Bull 2X Shares and related companies with MarketBeat.com's FREE daily email newsletter.
