Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) Sees Large Decrease in Short Interest

Posted by Trevor Kearing on Jul 28th, 2026

Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 969,000 shares, a decrease of 57.1% from the June 30th total of 2,258,856 shares. Based on an average daily trading volume, of 34,843,442 shares, the days-to-cover ratio is currently 0.0 days. Currently, 3.7% of the company’s shares are sold short.

Direxion Daily S&P 500 Bear 1x Shares Price Performance

Shares of SPDN stock traded down $0.02 on Tuesday, reaching $8.78. 48,314,540 shares of the company’s stock were exchanged, compared to its average volume of 54,834,801. The company’s fifty day simple moving average is $8.73 and its 200 day simple moving average is $9.17. Direxion Daily S&P 500 Bear 1x Shares has a 52 week low of $8.58 and a 52 week high of $10.35.

Institutional Trading of Direxion Daily S&P 500 Bear 1x Shares

Institutional investors and hedge funds have recently made changes to their positions in the business. Bison Wealth LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter worth about $4,236,000. XTX Topco Ltd bought a new stake in Direxion Daily S&P 500 Bear 1x Shares during the 2nd quarter valued at about $181,000. IHT Wealth Management LLC purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter valued at about $159,000. HRT Financial LP purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter valued at about $2,886,000. Finally, Two Sigma Securities LLC grew its stake in Direxion Daily S&P 500 Bear 1x Shares by 228.6% in the 2nd quarter. Two Sigma Securities LLC now owns 118,310 shares of the company’s stock worth $1,219,000 after acquiring an additional 82,308 shares in the last quarter.

Direxion Daily S&P 500 Bear 1x Shares Company Profile

(Get Free Report)

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.