Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN) Sees Large Decline in Short Interest

Posted by Linda Flegge on Oct 27th, 2026

Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN – Get Free Report) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 720,769 shares, a decline of 77.9% from the September 30th total of 3,256,569 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 34,289,048 shares, the short-interest ratio is currently 0.0 days.

Direxion Daily S&P 500 Bear 1X ETF Price Performance

Shares of Direxion Daily S&P 500 Bear 1X ETF stock opened at $8.50 on Tuesday. Direxion Daily S&P 500 Bear 1X ETF has a 1 year low of $8.28 and a 1 year high of $10.28. The stock has a 50-day moving average price of $8.48 and a 200 day moving average price of $8.96.

Institutional Trading of Direxion Daily S&P 500 Bear 1X ETF

Hedge funds have recently made changes to their positions in the stock. Strait & Sound Wealth Management LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1X ETF during the first quarter worth approximately $100,000. Define Financial LLC acquired a new position in Direxion Daily S&P 500 Bear 1X ETF in the 3rd quarter valued at approximately $91,000. Waverly Advisors LLC acquired a new position in Direxion Daily S&P 500 Bear 1X ETF in the 1st quarter valued at approximately $136,000. HBW Advisory Services LLC acquired a new position in Direxion Daily S&P 500 Bear 1X ETF in the 3rd quarter valued at approximately $123,000. Finally, Vima LLC lifted its position in Direxion Daily S&P 500 Bear 1X ETF by 9.1% in the 3rd quarter. Vima LLC now owns 18,424 shares of the company’s stock worth $156,000 after buying an additional 1,534 shares in the last quarter.

Direxion Daily S&P 500 Bear 1X ETF Company Profile

(Get Free Report)

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.