Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) Shares Bought by Acute Investment Advisory LLC

Acute Investment Advisory LLC raised its position in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 3.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 566,002 shares of the company’s stock after acquiring an additional 18,478 shares during the period. Direxion Daily S&P 500 Bear 1x Shares accounts for 4.4% of Acute Investment Advisory LLC’s investment portfolio, making the stock its 7th biggest position. Acute Investment Advisory LLC’s holdings in Direxion Daily S&P 500 Bear 1x Shares were worth $7,522,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. UBS Group AG acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 1st quarter valued at $30,000. Royal Bank of Canada acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 2nd quarter valued at $39,000. ORG Partners LLC raised its stake in Direxion Daily S&P 500 Bear 1x Shares by 9,790.0% during the 3rd quarter. ORG Partners LLC now owns 4,945 shares of the company’s stock valued at $73,000 after purchasing an additional 4,895 shares during the period. Qube Research & Technologies Ltd acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 3rd quarter valued at $81,000. Finally, Tower Research Capital LLC TRC acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 2nd quarter valued at $81,000.

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

NYSEARCA:SPDN traded up $0.02 during trading hours on Wednesday, hitting $12.71. 1,790,788 shares of the stock traded hands, compared to its average volume of 3,431,625. Direxion Daily S&P 500 Bear 1x Shares has a fifty-two week low of $12.12 and a fifty-two week high of $15.81. The firm has a 50 day moving average price of $12.51 and a 200 day moving average price of $13.47.

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.