January Capital Advisors LLC Acquires New Shares in Direxion Daily S&P 500 Bear 1x Shares $SPDN

January Capital Advisors LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 198,739 shares of the company’s stock, valued at approximately $1,977,000. Direxion Daily S&P 500 Bear 1x Shares makes up about 2.7% of January Capital Advisors LLC’s investment portfolio, making the stock its 10th largest position. January Capital Advisors LLC owned 0.81% of Direxion Daily S&P 500 Bear 1x Shares as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC purchased a new position in Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter valued at about $49,000. Strait & Sound Wealth Management LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the first quarter worth about $100,000. Waverly Advisors LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the first quarter valued at approximately $136,000. IHT Wealth Management LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the second quarter valued at approximately $159,000. Finally, Moors & Cabot Inc. boosted its position 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 acquiring an additional 3,647 shares during the period.

Direxion Daily S&P 500 Bear 1x Shares Stock Down 1.5%

Shares of NYSEARCA:SPDN opened at $8.78 on Friday. The company has a 50 day moving average of $8.73 and a 200 day moving average of $9.17. Direxion Daily S&P 500 Bear 1x Shares has a 12 month low of $8.58 and a 12 month high of $10.35.

Direxion Daily S&P 500 Bear 1x Shares 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.