Rockport Wealth LLC Makes New Investment in Direxion Daily S&P 500 Bear 1x Shares $SPDN

Rockport Wealth LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) during the fourth quarter, Holdings Channel.com reports. The firm purchased 2,798,734 shares of the company’s stock, valued at approximately $26,392,000. Direxion Daily S&P 500 Bear 1x Shares makes up approximately 5.1% of Rockport Wealth LLC’s investment portfolio, making the stock its 6th biggest position. Rockport Wealth LLC owned 0.13% of Direxion Daily S&P 500 Bear 1x Shares at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SPDN. A. D. Beadell Investment Counsel Inc. bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter worth approximately $117,000. IHT Wealth Management LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the 2nd quarter worth approximately $159,000. Moors & Cabot Inc. boosted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 27.0% during the 3rd quarter. Moors & Cabot Inc. now owns 17,132 shares of the company’s stock worth $165,000 after buying an additional 3,647 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the 2nd quarter worth approximately $181,000. Finally, Resonant Capital Advisors LLC boosted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 49.7% during the 4th quarter. Resonant Capital Advisors LLC now owns 40,145 shares of the company’s stock worth $379,000 after buying an additional 13,325 shares in the last quarter.

Direxion Daily S&P 500 Bear 1x Shares Stock Up 0.2%

Shares of NYSEARCA:SPDN opened at $8.82 on Tuesday. Direxion Daily S&P 500 Bear 1x Shares has a twelve month low of $8.68 and a twelve month high of $11.16. The stock’s 50 day moving average is $9.44 and its 200-day moving average is $9.45.

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.