Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) Short Interest Update

Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) was the recipient of a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 799,366 shares, a decrease of 40.6% from the January 29th total of 1,345,046 shares. Based on an average daily volume of 40,736,594 shares, the days-to-cover ratio is presently 0.0 days. Currently, 3.6% of the shares of the company are short sold. Currently, 3.6% of the shares of the company are short sold. Based on an average daily volume of 40,736,594 shares, the days-to-cover ratio is presently 0.0 days.

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

Shares of NYSEARCA:SPDN traded up $0.01 during trading on Monday, hitting $9.47. The company’s stock had a trading volume of 28,469,605 shares, compared to its average volume of 31,110,510. The company has a 50-day moving average of $9.38 and a 200-day moving average of $9.58. Direxion Daily S&P 500 Bear 1x Shares has a 12 month low of $9.26 and a 12 month high of $13.35.

Institutional Investors Weigh In On Direxion Daily S&P 500 Bear 1x Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC boosted its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 92.0% in the fourth quarter. Virtu Financial LLC now owns 97,579 shares of the company’s stock worth $920,000 after purchasing an additional 46,745 shares during the period. SB Capital Management Inc bought a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares during the 4th quarter valued at $1,031,000. NewEdge Advisors LLC lifted its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 763,361.5% during the 4th quarter. NewEdge Advisors LLC now owns 496,250 shares of the company’s stock valued at $4,680,000 after buying an additional 496,185 shares in the last quarter. Quadrature Capital Ltd boosted its holdings in Direxion Daily S&P 500 Bear 1x Shares by 484.7% in the 4th quarter. Quadrature Capital Ltd now owns 215,757 shares of the company’s stock worth $2,035,000 after buying an additional 178,855 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter worth $49,000.

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.