198,739 Shares in Direxion Daily S&P 500 Bear 1x Shares $SPDN Purchased by January Capital Advisors LLC

January Capital Advisors LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 198,739 shares of the company’s stock, valued at approximately $1,977,000. Direxion Daily S&P 500 Bear 1x Shares makes up 2.7% of January Capital Advisors LLC’s holdings, making the stock its 10th biggest position.

Other institutional investors have also added to or reduced their stakes in the company. Rockport Wealth LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter valued at about $26,392,000. IMC Chicago LLC grew its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 306.9% during the first quarter. IMC Chicago LLC now owns 974,315 shares of the company’s stock worth $9,694,000 after purchasing an additional 734,884 shares in the last quarter. Leuthold Group LLC grew its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 34.6% during the fourth quarter. Leuthold Group LLC now owns 2,340,534 shares of the company’s stock worth $22,071,000 after purchasing an additional 601,711 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 763,361.5% during the fourth quarter. NewEdge Advisors LLC now owns 496,250 shares of the company’s stock worth $4,680,000 after purchasing an additional 496,185 shares in the last quarter. Finally, Bison Wealth LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter worth approximately $4,236,000.

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

Shares of SPDN opened at $8.78 on Friday. The firm’s 50 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 1-year low of $8.58 and a 1-year high of $10.35.

Direxion Daily S&P 500 Bear 1x Shares 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.