Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN – Get Free Report)’s share price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $8.48 and traded as low as $8.43. Direxion Daily S&P 500 Bear 1X ETF shares last traded at $8.44, with a volume of 24,062,320 shares traded.
Direxion Daily S&P 500 Bear 1X ETF Price Performance
The business’s 50 day moving average is $8.48 and its 200 day moving average is $8.96.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. IMC Chicago LLC grew its position in Direxion Daily S&P 500 Bear 1X ETF by 306.9% in the first quarter. IMC Chicago LLC now owns 974,315 shares of the company’s stock worth $9,694,000 after acquiring an additional 734,884 shares in the last quarter. January Capital Advisors LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1X ETF during the 1st quarter valued at $1,977,000. NewEdge Advisors LLC raised its holdings in shares of Direxion Daily S&P 500 Bear 1X ETF by 69.6% during the 1st quarter. NewEdge Advisors LLC now owns 841,700 shares of the company’s stock valued at $8,375,000 after purchasing an additional 345,450 shares in the last quarter. First Pacific Financial acquired a new stake in shares of Direxion Daily S&P 500 Bear 1X ETF in the 3rd quarter valued at $2,315,000. Finally, Verus Capital Partners LLC lifted its stake in shares of Direxion Daily S&P 500 Bear 1X ETF by 119.0% in the 1st quarter. Verus Capital Partners LLC now owns 142,931 shares of the company’s stock valued at $1,422,000 after purchasing an additional 77,678 shares during the last quarter.
Direxion Daily S&P 500 Bear 1X ETF 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.
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