LPL Financial LLC Takes Position in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN)

LPL Financial LLC acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 280,413 shares of the company’s stock, valued at approximately $3,250,000. LPL Financial LLC owned approximately 1.89% of Direxion Daily S&P 500 Bear 1x Shares at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. raised its stake in Direxion Daily S&P 500 Bear 1x Shares by 414.6% during the 1st quarter. SBI Securities Co. Ltd. now owns 4,472 shares of the company’s stock worth $52,000 after acquiring an additional 3,603 shares in the last quarter. Townsquare Capital LLC raised its stake in Direxion Daily S&P 500 Bear 1x Shares by 34.7% during the 4th quarter. Townsquare Capital LLC now owns 18,113 shares of the company’s stock worth $199,000 after acquiring an additional 4,670 shares in the last quarter. Resonant Capital Advisors LLC raised its stake in Direxion Daily S&P 500 Bear 1x Shares by 33.2% during the 1st quarter. Resonant Capital Advisors LLC now owns 28,403 shares of the company’s stock worth $331,000 after acquiring an additional 7,079 shares in the last quarter. Allium Financial Advisors LLC acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 1st quarter worth $124,000. Finally, Maltin Wealth Management Inc. raised its stake in Direxion Daily S&P 500 Bear 1x Shares by 34.7% during the 1st quarter. Maltin Wealth Management Inc. now owns 62,223 shares of the company’s stock worth $721,000 after acquiring an additional 16,045 shares in the last quarter.

Direxion Daily S&P 500 Bear 1x Shares Trading Up 0.4%

Shares of NYSEARCA:SPDN opened at $10.00 on Friday. Direxion Daily S&P 500 Bear 1x Shares has a 12 month low of $9.94 and a 12 month high of $13.35. The company’s fifty day moving average price is $10.31 and its 200 day moving average price is $10.98.

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.