Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) Short Interest Update

Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 10,164 shares, a decline of 55.6% from the December 15th total of 22,916 shares. Approximately 0.8% of the shares of the company are sold short. Based on an average daily volume of 28,473 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 28,473 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.8% of the shares of the company are sold short.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bull 2X Shares

Hedge funds have recently made changes to their positions in the company. Exchange Traded Concepts LLC raised its stake in Direxion Daily S&P 500 Bull 2X Shares by 78.1% during the third quarter. Exchange Traded Concepts LLC now owns 115,597 shares of the company’s stock worth $20,785,000 after purchasing an additional 50,700 shares during the period. SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily S&P 500 Bull 2X Shares by 70.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 854 shares of the company’s stock worth $134,000 after buying an additional 354 shares during the last quarter. Bison Wealth LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares during the 4th quarter valued at approximately $210,000. Legacy Investment Solutions LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the 2nd quarter valued at $75,000. Finally, Chung Wu Investment Group LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares during the 2nd quarter worth about $100,000.

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

SPUU stock traded down $0.38 during midday trading on Friday, hitting $189.23. 11,570 shares of the stock traded hands, compared to its average volume of 22,536. Direxion Daily S&P 500 Bull 2X Shares has a 1-year low of $97.44 and a 1-year high of $191.64. The stock’s fifty day simple moving average is $184.97 and its 200-day simple moving average is $176.08. The firm has a market cap of $242.21 million, a P/E ratio of 25.96 and a beta of 2.03.

Direxion Daily S&P 500 Bull 2X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were given a $1.9058 dividend. This represents a $7.62 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from Direxion Daily S&P 500 Bull 2X Shares’s previous quarterly dividend of $0.24. The ex-dividend date was Wednesday, December 10th.

About Direxion Daily S&P 500 Bull 2X Shares

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.