Choreo LLC Grows Holdings in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN)

Choreo LLC raised its position in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 197.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,867 shares of the company’s stock after buying an additional 51,040 shares during the period. Choreo LLC owned 0.48% of Direxion Daily S&P 500 Bear 1x Shares worth $852,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently modified their holdings of SPDN. Synergy Asset Management LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter valued at approximately $47,000. NovaPoint Capital LLC bought a new position in Direxion Daily S&P 500 Bear 1x Shares in the 3rd quarter valued at $157,000. Creative Planning purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the 2nd quarter valued at $282,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the 3rd quarter valued at $337,000. Finally, ORG Partners LLC raised its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 3,697.7% during the 4th quarter. ORG Partners LLC now owns 131,590 shares of the company’s stock worth $1,449,000 after purchasing an additional 128,125 shares during the period.

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

SPDN opened at $10.81 on Monday. Direxion Daily S&P 500 Bear 1x Shares has a fifty-two week low of $10.60 and a fifty-two week high of $13.01. The firm has a 50-day moving average of $10.84 and a 200 day moving average of $11.21.

Direxion Daily S&P 500 Bear 1x Shares Company Profile

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.