Mirae Asset Global Investments Co. Ltd. Has $233,000 Holdings in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN)

Mirae Asset Global Investments Co. Ltd. lessened its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 56.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,000 shares of the company’s stock after selling 26,000 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned 0.14% of Direxion Daily S&P 500 Bear 1x Shares worth $233,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Townsquare Capital LLC raised its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 34.7% in the 4th quarter. Townsquare Capital LLC now owns 18,113 shares of the company’s stock valued at $199,000 after purchasing an additional 4,670 shares during the period. Focus Partners Wealth acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter valued at about $207,000. SwitchPoint Financial Planning LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter valued at about $213,000. Oxinas Partners Wealth Management LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 1st quarter valued at about $303,000. Finally, Orion Portfolio Solutions LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter valued at about $393,000.

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

SPDN opened at $10.18 on Monday. The business’s 50-day moving average price is $10.87 and its two-hundred day moving average price is $11.13. Direxion Daily S&P 500 Bear 1x Shares has a 1 year low of $10.17 and a 1 year high of $13.36.

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.