2,798,734 Shares in Direxion Daily S&P 500 Bear 1x Shares $SPDN Acquired by Rockport Wealth LLC

Rockport Wealth LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,798,734 shares of the company’s stock, valued at approximately $26,392,000. Direxion Daily S&P 500 Bear 1x Shares makes up approximately 5.1% of Rockport Wealth LLC’s investment portfolio, making the stock its 6th biggest holding. Rockport Wealth LLC owned approximately 12.61% of Direxion Daily S&P 500 Bear 1x Shares at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. A. D. Beadell Investment Counsel Inc. acquired a new position in Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter worth approximately $117,000. IHT Wealth Management LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the second quarter worth about $159,000. Moors & Cabot Inc. grew its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 27.0% during the third quarter. Moors & Cabot Inc. now owns 17,132 shares of the company’s stock worth $165,000 after purchasing an additional 3,647 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the second quarter worth about $181,000. Finally, Advisory Services Network LLC grew its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 5.2% during the third quarter. Advisory Services Network LLC now owns 39,495 shares of the company’s stock worth $380,000 after purchasing an additional 1,947 shares during the last quarter.

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

NYSEARCA:SPDN opened at $8.82 on Tuesday. The company has a 50 day simple moving average of $9.44 and a two-hundred day simple moving average of $9.45. Direxion Daily S&P 500 Bear 1x Shares has a fifty-two week low of $8.68 and a fifty-two week high of $11.16.

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.