Texas Yale Capital Corp. Acquires Shares of 100,000 Direxion Daily S&P 500 Bear 1x Shares $SPDN

Texas Yale Capital Corp. bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) in the third quarter, Holdings Channel reports. The institutional investor bought 100,000 shares of the company’s stock, valued at approximately $961,000.

Other hedge funds have also recently modified their holdings of the company. Arkadios Wealth Advisors lifted its stake in Direxion Daily S&P 500 Bear 1x Shares by 125.4% in the 3rd quarter. Arkadios Wealth Advisors now owns 894,034 shares of the company’s stock valued at $8,592,000 after buying an additional 497,419 shares in the last quarter. Bison Wealth LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the fourth quarter valued at approximately $4,236,000. Jump Financial LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the second quarter valued at approximately $3,463,000. HRT Financial LP purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the second quarter valued at approximately $2,886,000. Finally, ORG Partners LLC boosted its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 6,132.2% in the third quarter. ORG Partners LLC now owns 131,250 shares of the company’s stock worth $1,261,000 after acquiring an additional 129,144 shares during the last quarter.

Direxion Daily S&P 500 Bear 1x Shares Trading Up 0.1%

Shares of SPDN opened at $9.51 on Tuesday. The stock has a 50 day moving average price of $9.40 and a 200 day moving average price of $9.62. Direxion Daily S&P 500 Bear 1x Shares has a one year low of $9.26 and a one year high of $13.35.

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.