Cushing Capital Partners LLC Makes New Investment in Direxion Daily S&P 500 Bear 1x Shares $SPDN

Cushing Capital Partners LLC bought a new stake in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 122,093 shares of the company’s stock, valued at approximately $1,151,000. Cushing Capital Partners LLC owned 0.60% of Direxion Daily S&P 500 Bear 1x Shares as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SPDN. Leuthold Group LLC grew its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 0.4% in the 3rd quarter. Leuthold Group LLC now owns 1,738,823 shares of the company’s stock worth $16,710,000 after buying an additional 7,254 shares during the period. Arkadios Wealth Advisors boosted its stake in Direxion Daily S&P 500 Bear 1x Shares by 125.4% during the third quarter. Arkadios Wealth Advisors now owns 894,034 shares of the company’s stock worth $8,592,000 after acquiring an additional 497,419 shares in the last quarter. Bison Wealth LLC purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter worth about $4,236,000. Jump Financial LLC grew its holdings in Direxion Daily S&P 500 Bear 1x Shares by 13.6% in the third quarter. Jump Financial LLC now owns 382,037 shares of the company’s stock worth $3,671,000 after purchasing an additional 45,804 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 73.9% during the third quarter. Envestnet Asset Management Inc. now owns 300,235 shares of the company’s stock valued at $2,885,000 after purchasing an additional 127,581 shares in the last quarter.

Direxion Daily S&P 500 Bear 1x Shares Trading Up 1.8%

SPDN stock opened at $10.20 on Friday. The firm has a 50 day moving average price of $9.55 and a 200-day moving average price of $9.54. 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.