Harmony Asset Management LLC Invests $1.23 Million in Direxion Daily S&P 500 Bear 1x Shares $SPDN

Harmony Asset Management LLC bought a new position in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 130,695 shares of the company’s stock, valued at approximately $1,232,000.

Several other large investors have also recently modified their holdings of SPDN. Bison Wealth LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter worth about $4,236,000. XTX Topco Ltd purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the second quarter worth about $181,000. IHT Wealth Management LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the second quarter worth about $159,000. HRT Financial LP bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the second quarter valued at approximately $2,886,000. Finally, Two Sigma Securities LLC boosted its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 228.6% in the second quarter. Two Sigma Securities LLC now owns 118,310 shares of the company’s stock valued at $1,219,000 after acquiring an additional 82,308 shares during the period.

Direxion Daily S&P 500 Bear 1x Shares Stock Performance

SPDN stock opened at $8.79 on Thursday. The firm has a 50 day moving average of $9.40 and a 200-day moving average of $9.44. Direxion Daily S&P 500 Bear 1x Shares has a 12 month low of $8.68 and a 12 month high of $11.16.

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.