Short Interest in Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) Declines By 36.4%

Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 9,139 shares, a decline of 36.4% from the May 14th total of 14,370 shares. Currently, 0.8% of the company’s stock are short sold. Based on an average trading volume of 15,307 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of Direxion Daily S&P 500 Bull 2X Shares

Institutional investors have recently modified their holdings of the company. Allworth Financial LP raised its stake in shares of Direxion Daily S&P 500 Bull 2X Shares by 106.4% during the 3rd quarter. Allworth Financial LP now owns 194 shares of the company’s stock worth $35,000 after acquiring an additional 100 shares in the last quarter. Mariner LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter worth $208,000. Bison Wealth LLC purchased a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares during the fourth quarter worth about $210,000. Chung Wu Investment Group LLC increased its stake in Direxion Daily S&P 500 Bull 2X Shares by 58.7% during the 4th quarter. Chung Wu Investment Group LLC now owns 1,460 shares of the company’s stock valued at $269,000 after purchasing an additional 540 shares in the last quarter. Finally, CPR Investments Inc. purchased a new position in Direxion Daily S&P 500 Bull 2X Shares in the 1st quarter worth $348,000.

Direxion Daily S&P 500 Bull 2X Shares Stock Performance

SPUU stock traded down $1.34 during trading on Tuesday, reaching $218.13. 10,752 shares of the company traded hands, compared to its average volume of 27,780. Direxion Daily S&P 500 Bull 2X Shares has a 12 month low of $144.54 and a 12 month high of $223.49. The business has a 50 day simple moving average of $203.68 and a 200 day simple moving average of $190.19. The company has a market capitalization of $246.49 million, a price-to-earnings ratio of 25.96 and a beta of 2.02.

About Direxion Daily S&P 500 Bull 2X Shares

The Direxion Daily S&P 500 Bull 2X Shares (SPUU) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 2x daily leveraged exposure to the S&P 500, a market-cap-weighted index of US large-cap stocks selected by S&Ps index committee. SPUU was launched on May 28, 2014 and is managed by Direxion.