Client First Investment Management LLC increased its stake in shares of Direxion Daily S&P 500 Bull 2X ETF (NYSEARCA:SPUU – Free Report) by 142.8% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 14,202 shares of the company’s stock after acquiring an additional 8,353 shares during the period. Direxion Daily S&P 500 Bull 2X ETF accounts for about 1.5% of Client First Investment Management LLC’s holdings, making the stock its 12th biggest holding. Client First Investment Management LLC’s holdings in Direxion Daily S&P 500 Bull 2X ETF were worth $3,147,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CPR Investments Inc. acquired a new stake in Direxion Daily S&P 500 Bull 2X ETF in the 1st quarter valued at about $348,000. Virtu Financial LLC boosted its stake in 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 purchasing an additional 26,163 shares during the period. Finally, Robinson Value Management Ltd. bought a new position in Direxion Daily S&P 500 Bull 2X ETF during the 1st quarter worth $12,351,000.
Direxion Daily S&P 500 Bull 2X ETF Stock Performance
SPUU opened at $230.97 on Friday. The stock has a fifty day moving average of $225.38 and a 200-day moving average of $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 has a fifty-two week low of $154.85 and a fifty-two week high of $232.69.
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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Want to see what other hedge funds are holding SPUU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bull 2X ETF (NYSEARCA:SPUU – Free Report).
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