Short Interest in Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) Rises By 1,955.6%

Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) saw a significant growth in short interest in March. As of March 13th, there was short interest totaling 61,955 shares, a growth of 1,955.6% from the February 26th total of 3,014 shares. Currently, 5.0% of the shares of the company are short sold. Based on an average daily volume of 45,865 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 45,865 shares, the short-interest ratio is presently 1.4 days. Currently, 5.0% of the shares of the company are short sold.

Direxion Daily S&P 500 Bull 2X Shares Stock Performance

NYSEARCA:SPUU opened at $166.91 on Wednesday. The stock has a 50-day simple moving average of $182.94 and a two-hundred day simple moving average of $182.66. The firm has a market capitalization of $205.30 million, a PE ratio of 25.96 and a beta of 2.03. Direxion Daily S&P 500 Bull 2X Shares has a 52-week low of $97.44 and a 52-week high of $191.80.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC increased its holdings in Direxion Daily S&P 500 Bull 2X Shares by 295.8% in the 4th quarter. Virtu Financial LLC now owns 35,007 shares of the company’s stock worth $6,445,000 after acquiring an additional 26,163 shares in the last quarter. Mariner LLC purchased a new position in Direxion Daily S&P 500 Bull 2X Shares during the fourth quarter valued at approximately $208,000. Revere Asset Management Inc bought a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the fourth quarter worth approximately $22,611,000. Chung Wu Investment Group LLC boosted its position in shares of Direxion Daily S&P 500 Bull 2X Shares by 58.7% in the fourth quarter. Chung Wu Investment Group LLC now owns 1,460 shares of the company’s stock worth $269,000 after purchasing an additional 540 shares during the period. Finally, Allworth Financial LP increased its stake in shares of Direxion Daily S&P 500 Bull 2X Shares by 106.4% in the third quarter. Allworth Financial LP now owns 194 shares of the company’s stock worth $35,000 after purchasing an additional 100 shares in the last quarter.

Direxion Daily S&P 500 Bull 2X Shares Company Profile

The Direxion Daily S&P 500 Bull 2X Shares (SPUU) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 2x daily leveraged exposure to the S&P 500, a market-cap-weighted index of US large-cap stocks selected by S&Ps index committee. SPUU was launched on May 28, 2014 and is managed by Direxion.