Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN – Get Free Report) crossed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $8.49 and traded as high as $8.87. Direxion Daily S&P 500 Bear 1X ETF shares last traded at $8.85, with a volume of 183,945,046 shares trading hands.
Direxion Daily S&P 500 Bear 1X ETF Trading Up 4.4%
The stock’s 50 day simple moving average is $8.49 and its 200 day simple moving average is $8.93.
Institutional Trading of Direxion Daily S&P 500 Bear 1X ETF
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vima LLC lifted its position in shares of 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 during the last quarter. Lifeworks Advisors LLC boosted its holdings in shares of Direxion Daily S&P 500 Bear 1X ETF by 55.2% in the 1st quarter. Lifeworks Advisors LLC now owns 24,469 shares of the company’s stock valued at $243,000 after buying an additional 8,705 shares during the period. Strait & Sound Wealth Management LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 1X ETF during the 1st quarter valued at about $100,000. Define Financial LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 1X ETF during the 3rd quarter valued at about $91,000. Finally, Resonant Capital Advisors LLC grew its position in shares of Direxion Daily S&P 500 Bear 1X ETF by 28.2% during the 1st quarter. Resonant Capital Advisors LLC now owns 51,477 shares of the company’s stock valued at $512,000 after buying an additional 11,332 shares during the last quarter.
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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