Envestnet Asset Management Inc. Acquires 127,581 Shares of Direxion Daily S&P 500 Bear 1x Shares $SPDN

Envestnet Asset Management Inc. boosted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 73.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 300,235 shares of the company’s stock after purchasing an additional 127,581 shares during the period. Envestnet Asset Management Inc. owned about 2.22% of Direxion Daily S&P 500 Bear 1x Shares worth $2,885,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Arkadios Wealth Advisors boosted its stake in Direxion Daily S&P 500 Bear 1x Shares by 125.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 894,034 shares of the company’s stock valued at $8,592,000 after buying an additional 497,419 shares in the last quarter. ORG Partners LLC lifted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 6,132.2% during the third quarter. ORG Partners LLC now owns 131,250 shares of the company’s stock valued at $1,261,000 after acquiring an additional 129,144 shares during the period. Intellectus Partners LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter valued at $157,000. Choreo LLC boosted its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 201.1% in the 2nd quarter. Choreo LLC now owns 100,741 shares of the company’s stock valued at $1,051,000 after purchasing an additional 67,284 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter worth about $3,463,000.

Direxion Daily S&P 500 Bear 1x Shares Trading Down 0.8%

Shares of Direxion Daily S&P 500 Bear 1x Shares stock opened at $9.36 on Thursday. Direxion Daily S&P 500 Bear 1x Shares has a 12-month low of $9.26 and a 12-month high of $13.35. The company has a 50-day simple moving average of $9.39 and a 200 day simple moving average of $9.59.

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.