Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) Holdings Lessened by Kaydan Wealth Management Inc.

Kaydan Wealth Management Inc. reduced its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) by 50.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 961,512 shares of the company’s stock after selling 995,225 shares during the period. Direxion Daily S&P 500 Bear 1x Shares comprises 3.5% of Kaydan Wealth Management Inc.’s portfolio, making the stock its 10th largest holding. Kaydan Wealth Management Inc. owned 0.06% of Direxion Daily S&P 500 Bear 1x Shares worth $10,586,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. One Plus One Wealth Management LLC lifted its holdings in Direxion Daily S&P 500 Bear 1x Shares by 3.6% during the third quarter. One Plus One Wealth Management LLC now owns 1,137,243 shares of the company’s stock valued at $12,737,000 after purchasing an additional 39,351 shares in the last quarter. ORG Partners LLC raised its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 3,697.7% during the 4th quarter. ORG Partners LLC now owns 131,590 shares of the company’s stock valued at $1,449,000 after purchasing an additional 128,125 shares during the period. Maltin Wealth Management Inc. boosted its holdings in Direxion Daily S&P 500 Bear 1x Shares by 4.7% in the 3rd quarter. Maltin Wealth Management Inc. now owns 54,603 shares of the company’s stock worth $612,000 after buying an additional 2,460 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in Direxion Daily S&P 500 Bear 1x Shares in the 3rd quarter worth $337,000. Finally, Creative Planning purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter worth $282,000.

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

NYSEARCA:SPDN opened at $10.82 on Monday. The business’s 50-day simple moving average is $10.89 and its two-hundred day simple moving average is $11.30. Direxion Daily S&P 500 Bear 1x Shares has a 52 week low of $10.69 and a 52 week high of $13.45.

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.