Rockport Wealth LLC lifted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) by 3.8% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,904,522 shares of the company’s stock after buying an additional 105,788 shares during the period. Direxion Daily S&P 500 Bear 1x Shares makes up approximately 5.3% of Rockport Wealth LLC’s holdings, making the stock its 3rd largest position. Rockport Wealth LLC owned approximately 11.83% of Direxion Daily S&P 500 Bear 1x Shares worth $28,911,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Steward Partners Investment Advisory LLC purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter valued at approximately $49,000. A. D. Beadell Investment Counsel Inc. purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter valued at approximately $117,000. IHT Wealth Management LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter valued at approximately $159,000. Moors & Cabot Inc. increased its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 27.0% in the third quarter. Moors & Cabot Inc. now owns 17,132 shares of the company’s stock valued at $165,000 after purchasing an additional 3,647 shares during the period. Finally, XTX Topco Ltd acquired a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the second quarter valued at approximately $181,000.
Direxion Daily S&P 500 Bear 1x Shares Stock Performance
Direxion Daily S&P 500 Bear 1x Shares stock opened at $8.60 on Thursday. The business has a 50 day simple moving average of $8.74 and a 200-day simple moving average of $9.21. Direxion Daily S&P 500 Bear 1x Shares has a 12 month low of $8.58 and a 12 month high of $10.35.
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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