Short Interest in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) Grows By 21.4%

Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) saw a significant growth in short interest in December. As of December 31st, there was short interest totaling 2,091,213 shares, a growth of 21.4% from the December 15th total of 1,722,639 shares. Based on an average daily volume of 23,219,084 shares, the days-to-cover ratio is currently 0.1 days. Approximately 9.6% of the company’s stock are short sold. Approximately 9.6% of the company’s stock are short sold. Based on an average daily volume of 23,219,084 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of Direxion Daily S&P 500 Bear 1x Shares

Several institutional investors and hedge funds have recently made changes to their positions in SPDN. Bison Wealth LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter valued at about $4,236,000. One Plus One Wealth Management LLC increased its stake in Direxion Daily S&P 500 Bear 1x Shares by 12.5% in the 2nd quarter. One Plus One Wealth Management LLC now owns 1,079,984 shares of the company’s stock valued at $11,124,000 after buying an additional 119,992 shares during the last quarter. Avior Wealth Management LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the 2nd quarter worth approximately $279,000. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 32.5% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 26,500 shares of the company’s stock worth $273,000 after buying an additional 6,500 shares in the last quarter. Finally, Belpointe Asset Management LLC boosted its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 14.7% in the 2nd quarter. Belpointe Asset Management LLC now owns 294,182 shares of the company’s stock worth $3,030,000 after buying an additional 37,636 shares during the last quarter.

Direxion Daily S&P 500 Bear 1x Shares Trading Up 0.1%

Shares of Direxion Daily S&P 500 Bear 1x Shares stock opened at $9.33 on Tuesday. The stock has a fifty day simple moving average of $9.47 and a 200 day simple moving average of $9.73. Direxion Daily S&P 500 Bear 1x Shares has a 12-month low of $9.26 and a 12-month high of $13.35.

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.