Robinson Value Management Ltd. reduced its stake in shares of Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN – Free Report) by 3.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 2,010,588 shares of the company’s stock after selling 79,691 shares during the quarter. Direxion Daily S&P 500 Bear 1X ETF comprises 9.5% of Robinson Value Management Ltd.’s holdings, making the stock its largest position. Robinson Value Management Ltd. owned about 0.06% of Direxion Daily S&P 500 Bear 1X ETF worth $17,050,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of the stock. IMC Chicago LLC lifted its holdings in shares of Direxion Daily S&P 500 Bear 1X ETF by 306.9% during the first quarter. IMC Chicago LLC now owns 974,315 shares of the company’s stock valued at $9,694,000 after acquiring an additional 734,884 shares during the period. One Plus One Wealth Management LLC boosted its stake in shares of Direxion Daily S&P 500 Bear 1X ETF by 35.9% in the 1st quarter. One Plus One Wealth Management LLC now owns 1,403,480 shares of the company’s stock valued at $13,965,000 after purchasing an additional 370,941 shares in the last quarter. NewEdge Advisors LLC boosted its stake in shares of Direxion Daily S&P 500 Bear 1X ETF by 69.6% in the 1st quarter. NewEdge Advisors LLC now owns 841,700 shares of the company’s stock valued at $8,375,000 after purchasing an additional 345,450 shares in the last quarter. First Pacific Financial bought a new stake in shares of Direxion Daily S&P 500 Bear 1X ETF in the 3rd quarter worth about $2,315,000. Finally, Ascentis Independent Advisors bought a new stake in shares of Direxion Daily S&P 500 Bear 1X ETF in the 1st quarter worth about $2,227,000.
Direxion Daily S&P 500 Bear 1X ETF Stock Down 0.4%
SPDN opened at $8.44 on Wednesday. The firm’s 50-day simple moving average is $8.48 and its 200-day simple moving average is $8.73. Direxion Daily S&P 500 Bear 1X ETF has a twelve month low of $8.28 and a twelve month high of $10.28.
About Direxion Daily S&P 500 Bear 1X ETF
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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Want to see what other hedge funds are holding SPDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN – Free Report).
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