Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) is One Plus One Wealth Management LLC’s 3rd Largest Position

One Plus One Wealth Management LLC boosted its stake in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 3.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,137,243 shares of the company’s stock after purchasing an additional 39,351 shares during the quarter. Direxion Daily S&P 500 Bear 1x Shares comprises approximately 7.6% of One Plus One Wealth Management LLC’s portfolio, making the stock its 3rd biggest holding. One Plus One Wealth Management LLC owned approximately 7.15% of Direxion Daily S&P 500 Bear 1x Shares worth $12,737,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. ORG Partners LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the 2nd quarter valued at about $75,000. Choreo LLC bought a new position in Direxion Daily S&P 500 Bear 1x Shares during the second quarter valued at approximately $377,000. Creative Planning purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the second quarter worth approximately $282,000. Leuthold Group LLC lifted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 0.4% in the 1st quarter. Leuthold Group LLC now owns 1,738,497 shares of the company’s stock worth $21,158,000 after acquiring an additional 6,925 shares during the last quarter. Finally, Strategic Investment Solutions Inc. IL bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the 2nd quarter valued at $83,000.

Direxion Daily S&P 500 Bear 1x Shares Trading Down 1.1 %

Shares of NYSEARCA:SPDN opened at $11.24 on Wednesday. Direxion Daily S&P 500 Bear 1x Shares has a 52 week low of $11.01 and a 52 week high of $14.73. The company’s fifty day moving average is $11.37 and its 200 day moving average is $11.78.

About Direxion Daily S&P 500 Bear 1x Shares

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.