Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) Short Interest Update

Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) was the recipient of a large increase in short interest in July. As of July 15th, there was short interest totaling 63,962 shares, an increase of 416.2% from the June 30th total of 12,391 shares. Based on an average daily volume of 22,734 shares, the short-interest ratio is presently 2.8 days. Approximately 5.4% of the company’s stock are short sold.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bull 2X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Allworth Financial LP grew its position in Direxion Daily S&P 500 Bull 2X Shares by 106.4% in the third quarter. Allworth Financial LP now owns 194 shares of the company’s stock valued at $35,000 after acquiring an additional 100 shares in the last quarter. Mariner LLC bought a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter worth about $208,000. Bison Wealth LLC acquired a new stake in Direxion Daily S&P 500 Bull 2X Shares during the fourth quarter valued at approximately $210,000. Chung Wu Investment Group LLC raised its position in shares of Direxion Daily S&P 500 Bull 2X Shares by 58.7% during the 4th quarter. Chung Wu Investment Group LLC now owns 1,460 shares of the company’s stock valued at $269,000 after acquiring an additional 540 shares in the last quarter. Finally, CPR Investments Inc. acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares during the first quarter worth $348,000.

Direxion Daily S&P 500 Bull 2X Shares Trading Up 0.1%

Shares of SPUU traded up $0.23 during midday trading on Friday, reaching $209.64. 13,803 shares of the company were exchanged, compared to its average volume of 27,125. The stock has a 50-day moving average price of $214.42 and a 200-day moving average price of $195.85. The company has a market cap of $247.38 million, a price-to-earnings ratio of 25.96 and a beta of 2.02. Direxion Daily S&P 500 Bull 2X Shares has a 1-year low of $154.85 and a 1-year high of $223.49.

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.