Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) Short Interest Down 55.6% in December

Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) was the recipient of a large decline in short interest in 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. Based on an average trading volume of 28,473 shares, the short-interest ratio is presently 0.4 days. Currently, 0.8% of the company’s shares are sold short. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 28,473 shares, the short-interest ratio is presently 0.4 days.

Institutional Trading of Direxion Daily S&P 500 Bull 2X Shares

Hedge funds have recently modified their holdings of the company. Allworth Financial LP grew its holdings in shares of Direxion Daily S&P 500 Bull 2X Shares by 106.4% in the 3rd quarter. Allworth Financial LP now owns 194 shares of the company’s stock valued at $35,000 after buying an additional 100 shares during the period. Chung Wu Investment Group LLC lifted its holdings in Direxion Daily S&P 500 Bull 2X Shares by 43.8% during the third quarter. Chung Wu Investment Group LLC now owns 920 shares of the company’s stock worth $165,000 after acquiring an additional 280 shares in the last quarter. SBI Securities Co. Ltd. grew its stake in Direxion Daily S&P 500 Bull 2X Shares by 70.8% in the second quarter. SBI Securities Co. Ltd. now owns 854 shares of the company’s stock valued at $134,000 after acquiring an additional 354 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares during the second quarter worth about $75,000. Finally, Sonoma Allocations LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares during the third quarter worth about $222,000.

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

Shares of SPUU stock traded down $1.68 during trading hours on Wednesday, reaching $188.58. The company had a trading volume of 12,685 shares, compared to its average volume of 24,643. 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 firm has a market cap of $241.38 million, a price-to-earnings ratio of 25.96 and a beta of 2.03. The company has a 50 day moving average of $184.79 and a 200 day moving average of $175.99.

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

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

Direxion Daily S&P 500 Bull 2X Shares Company Profile

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.