Direxion Daily S&P 500 Bear 1x Shares $SPDN Shares Bought by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC increased its stake in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 86.9% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 195,605 shares of the company’s stock after acquiring an additional 90,925 shares during the quarter. Axxcess Wealth Management LLC owned approximately 1.54% of Direxion Daily S&P 500 Bear 1x Shares worth $1,880,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of SPDN. Simplex Trading LLC increased its stake in Direxion Daily S&P 500 Bear 1x Shares by 139.5% in the 2nd quarter. Simplex Trading LLC now owns 2,635 shares of the company’s stock worth $27,000 after purchasing an additional 1,535 shares in the last quarter. SBI Securities Co. Ltd. lifted its stake in Direxion Daily S&P 500 Bear 1x Shares by 90.4% during the second quarter. SBI Securities Co. Ltd. now owns 8,516 shares of the company’s stock valued at $88,000 after buying an additional 4,044 shares in the last quarter. Intellectus Partners LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the second quarter worth about $157,000. IHT Wealth Management LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the second quarter worth approximately $159,000. Finally, XTX Topco Ltd acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the second quarter valued at approximately $181,000.

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

Shares of NYSEARCA:SPDN opened at $9.47 on Friday. The firm has a 50 day simple moving average of $9.40 and a 200 day simple moving average of $9.61. Direxion Daily S&P 500 Bear 1x Shares has a 52 week low of $9.26 and a 52 week high of $13.35.

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.