74,698 Shares in Direxion Daily S&P 500 Bull 2X Shares $SPUU Purchased by Robinson Value Management Ltd.

Robinson Value Management Ltd. bought a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 74,698 shares of the company’s stock, valued at approximately $12,351,000. Direxion Daily S&P 500 Bull 2X Shares accounts for 6.9% of Robinson Value Management Ltd.’s portfolio, making the stock its 2nd largest holding. Robinson Value Management Ltd. owned approximately 6.61% of Direxion Daily S&P 500 Bull 2X Shares as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in SPUU. Allworth Financial LP grew its stake in shares of Direxion Daily S&P 500 Bull 2X Shares by 106.4% in the third quarter. Allworth Financial LP now owns 194 shares of the company’s stock worth $35,000 after acquiring an additional 100 shares during the period. Mariner LLC purchased a new position in shares of Direxion Daily S&P 500 Bull 2X Shares during the fourth quarter valued at approximately $208,000. Bison Wealth LLC bought a new position in Direxion Daily S&P 500 Bull 2X Shares during the fourth quarter valued at approximately $210,000. Chung Wu Investment Group LLC lifted its position in Direxion Daily S&P 500 Bull 2X Shares by 58.7% during the fourth 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 during the period. Finally, CPR Investments Inc. purchased a new stake in Direxion Daily S&P 500 Bull 2X Shares in the first quarter worth approximately $348,000.

Direxion Daily S&P 500 Bull 2X Shares Trading Up 0.8%

NYSEARCA:SPUU opened at $219.29 on Thursday. Direxion Daily S&P 500 Bull 2X Shares has a 12 month low of $154.85 and a 12 month high of $223.49. The company has a market cap of $258.76 million, a PE ratio of 25.96 and a beta of 2.02. The company has a 50 day simple moving average of $214.29 and a two-hundred day simple moving average of $194.60.

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.