Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its position in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 431.2% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,434,041 shares of the company’s stock after purchasing an additional 1,164,076 shares during the quarter. Envestnet Asset Management Inc. owned approximately 9.69% of Direxion Daily S&P 500 Bear 1x Shares worth $16,621,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Townsquare Capital LLC lifted its position in Direxion Daily S&P 500 Bear 1x Shares by 34.7% in the fourth 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 purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter worth approximately $207,000. SwitchPoint Financial Planning LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter worth approximately $213,000. Oxinas Partners Wealth Management LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the 1st quarter worth approximately $303,000. Finally, NovaPoint Capital LLC purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares in the 1st quarter valued at approximately $317,000.

Direxion Daily S&P 500 Bear 1x Shares Stock Down 0.7%

SPDN stock opened at $10.17 on Friday. The stock’s 50 day moving average price is $10.65 and its 200 day moving average price is $11.09. Direxion Daily S&P 500 Bear 1x Shares has a 1 year low of $10.16 and a 1 year high of $13.36.

Direxion Daily S&P 500 Bear 1x Shares 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.