Virtu Financial LLC reduced its holdings in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) by 45.5% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 110,244 shares of the company’s stock after selling 92,001 shares during the quarter. Virtu Financial LLC’s holdings in Direxion Daily S&P 500 Bear 1x Shares were worth $1,298,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 1,062.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 521,042 shares of the company’s stock worth $6,925,000 after purchasing an additional 476,204 shares in the last quarter. ORG Partners LLC bought a new stake in Direxion Daily S&P 500 Bear 1x Shares during the second quarter worth $75,000. Choreo LLC acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares in the second quarter valued at $377,000. Kaydan Wealth Management Inc. grew its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 110.3% in the 1st quarter. Kaydan Wealth Management Inc. now owns 2,027,786 shares of the company’s stock valued at $24,678,000 after acquiring an additional 1,063,750 shares during the period. Finally, Leuthold Group LLC increased its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 0.4% during the 1st quarter. Leuthold Group LLC now owns 1,738,497 shares of the company’s stock worth $21,158,000 after purchasing an additional 6,925 shares during the last quarter.
Direxion Daily S&P 500 Bear 1x Shares Stock Up 0.4 %
Shares of SPDN stock opened at $11.61 on Thursday. Direxion Daily S&P 500 Bear 1x Shares has a 52-week low of $11.38 and a 52-week high of $15.57. The firm’s 50-day moving average is $11.76 and its 200-day moving average is $12.08.
About Direxion Daily S&P 500 Bear 1x Shares
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.
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Want to see what other hedge funds are holding SPDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report).
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