Client First Investment Management LLC grew its stake in Direxion Daily S&P 500 Bull 2X ETF (NYSEARCA:SPUU – Free Report) by 142.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,202 shares of the company’s stock after acquiring an additional 8,353 shares during the quarter. Direxion Daily S&P 500 Bull 2X ETF accounts for 1.5% of Client First Investment Management LLC’s holdings, making the stock its 12th biggest position. Client First Investment Management LLC owned 1.11% of Direxion Daily S&P 500 Bull 2X ETF worth $3,147,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also modified their holdings of the company. Robinson Value Management Ltd. acquired a new position in Direxion Daily S&P 500 Bull 2X ETF during the first quarter valued at approximately $12,351,000. Virtu Financial LLC increased its position in shares of Direxion Daily S&P 500 Bull 2X ETF by 295.8% in the 4th quarter. Virtu Financial LLC now owns 35,007 shares of the company’s stock valued at $6,445,000 after buying an additional 26,163 shares in the last quarter. Finally, CPR Investments Inc. acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X ETF during the first quarter worth about $348,000.
Direxion Daily S&P 500 Bull 2X ETF Stock Performance
Shares of SPUU stock opened at $230.97 on Friday. Direxion Daily S&P 500 Bull 2X ETF has a 52 week low of $154.85 and a 52 week high of $232.69. The company’s 50 day moving average price is $225.38 and its two-hundred day moving average price is $211.11. The company has a market capitalization of $295.64 million, a P/E ratio of 25.96 and a beta of 2.02.
Direxion Daily S&P 500 Bull 2X ETF 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.
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