Direxion Daily S&P 500 Bear 1X ETF $SPDN Shares Newly Acquired by First Pacific Financial

First Pacific Financial acquired a new stake in Direxion Daily S&P 500 Bear 1X ETF (NYSEARCA:SPDN) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 272,984 shares of the company’s stock, valued at approximately $2,315,000. First Pacific Financial owned about 0.79% of Direxion Daily S&P 500 Bear 1X ETF at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Strait & Sound Wealth Management LLC acquired a new position in Direxion Daily S&P 500 Bear 1X ETF during the first quarter worth about $100,000. Define Financial LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1X ETF in the third quarter valued at approximately $91,000. Waverly Advisors LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1X ETF in the first quarter valued at approximately $136,000. A. D. Beadell Investment Counsel Inc. grew its position in shares of Direxion Daily S&P 500 Bear 1X ETF by 60.0% in the first quarter. A. D. Beadell Investment Counsel Inc. now owns 20,000 shares of the company’s stock valued at $199,000 after purchasing an additional 7,500 shares during the last quarter. Finally, Lifeworks Advisors LLC grew its position in shares of Direxion Daily S&P 500 Bear 1X ETF by 55.2% in the first quarter. Lifeworks Advisors LLC now owns 24,469 shares of the company’s stock valued at $243,000 after purchasing an additional 8,705 shares during the last quarter.

Direxion Daily S&P 500 Bear 1X ETF Price Performance

Shares of SPDN opened at $8.43 on Thursday. The firm has a 50 day simple moving average of $8.48 and a 200-day simple moving average of $8.77. Direxion Daily S&P 500 Bear 1X ETF has a 1-year low of $8.28 and a 1-year high of $10.28.

About Direxion Daily S&P 500 Bear 1X ETF

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.