Leuthold Group LLC Sells 27,261 Shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN)

Leuthold Group LLC lowered its position in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 1.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,711,236 shares of the company’s stock after selling 27,261 shares during the quarter. Direxion Daily S&P 500 Bear 1x Shares comprises approximately 2.3% of Leuthold Group LLC’s investment portfolio, making the stock its 4th biggest holding. Leuthold Group LLC owned 10.76% of Direxion Daily S&P 500 Bear 1x Shares worth $20,141,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in SPDN. Choreo LLC bought a new stake in Direxion Daily S&P 500 Bear 1x Shares during the second quarter worth approximately $377,000. Belpointe Asset Management LLC boosted its stake in Direxion Daily S&P 500 Bear 1x Shares by 2.7% in the 2nd quarter. Belpointe Asset Management LLC now owns 143,519 shares of the company’s stock worth $1,689,000 after purchasing an additional 3,724 shares during the period. EdgeRock Capital LLC acquired a new position in Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter worth approximately $42,000. ORG Partners LLC acquired a new position in Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter worth approximately $75,000. Finally, Sugar Maple Asset Management LLC acquired a new position in Direxion Daily S&P 500 Bear 1x Shares in the 1st quarter worth approximately $1,041,000.

Direxion Daily S&P 500 Bear 1x Shares Stock Up 0.4 %

Direxion Daily S&P 500 Bear 1x Shares stock opened at $11.61 on Thursday. The company has a 50 day moving average price of $11.76 and a 200 day moving average price of $12.08. Direxion Daily S&P 500 Bear 1x Shares has a 52 week low of $11.38 and a 52 week high of $15.57.

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.