Tower Research Capital LLC TRC lowered its position in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Get Rating) by 75.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,788 shares of the company's stock after selling 66,522 shares during the quarter. Tower Research Capital LLC TRC owned about 0.06% of Direxion Daily S&P 500 Bear 1x Shares worth $390,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also added to or reduced their stakes in SPDN. Private Advisor Group LLC purchased a new position in Direxion Daily S&P 500 Bear 1x Shares during the first quarter valued at $221,000. Flow Traders U.S. LLC raised its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 8.6% in the 1st quarter. Flow Traders U.S. LLC now owns 32,287 shares of the company's stock worth $470,000 after purchasing an additional 2,555 shares during the last quarter. UBS Group AG purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the 1st quarter worth about $30,000. Captrust Financial Advisors purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the 1st quarter worth about $96,000. Finally, Jane Street Group LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the 1st quarter worth about $1,745,000.
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SPDN opened at $16.07 on Monday. The stock has a 50-day moving average price of $15.98 and a 200-day moving average price of $16.26. Direxion Daily S&P 500 Bear 1x Shares has a 1 year low of $14.23 and a 1 year high of $18.32.
Direxion Daily S&P 500 Bear 1x Shares Company Profile
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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.
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