Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Get Free Report) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 262,500 shares, an increase of 112.4% from the May 15th total of 123,600 shares. Based on an average daily volume of 11,893,900 shares, the days-to-cover ratio is currently 0.0 days. Approximately 1.7% of the shares of the company are sold short.
Direxion Daily S&P 500 Bear 1x Shares Stock Performance
SPDN opened at $10.81 on Monday. The stock’s 50 day simple moving average is $11.33 and its 200-day simple moving average is $11.16. Direxion Daily S&P 500 Bear 1x Shares has a 1 year low of $10.60 and a 1 year high of $13.36.
Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 1x Shares
Several large investors have recently made changes to their positions in the company. Armis Advisers LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter valued at approximately $13,140,000. Envestnet Asset Management Inc. lifted its holdings in Direxion Daily S&P 500 Bear 1x Shares by 431.2% during the 1st quarter. Envestnet Asset Management Inc. now owns 1,434,041 shares of the company’s stock valued at $16,621,000 after purchasing an additional 1,164,076 shares during the last quarter. TTP Investments Inc. acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 1st quarter valued at $13,260,000. Legacy Capital Wealth Partners LLC acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 1st quarter valued at $11,791,000. Finally, Moulton Wealth Management Inc. bought a new position in Direxion Daily S&P 500 Bear 1x Shares during the 1st quarter worth $5,275,000.
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.
Read More
- Five stocks we like better than Direxion Daily S&P 500 Bear 1x Shares
- Best Stocks Under $5.00
- RH Stock Rockets on Surprise Profit and Tariff Shift
- What Are the FAANG Stocks and Are They Good Investments?
- Synopsys Stock Falls on China Ban, But Long-Term Outlook Holds
- Insider Trading – What You Need to Know
- Alphabet Enters a Bull Market: Is It Time to Buy?
Receive News & Ratings for Direxion Daily S&P 500 Bear 1x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily S&P 500 Bear 1x Shares and related companies with MarketBeat.com's FREE daily email newsletter.
