SwitchPoint Financial Planning LLC Purchases Shares of 19,354 Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN)

SwitchPoint Financial Planning LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 19,354 shares of the company’s stock, valued at approximately $213,000.

Several other institutional investors have also recently made changes to their positions in SPDN. ORG Partners LLC raised its holdings in Direxion Daily S&P 500 Bear 1x Shares by 3,697.7% in the 4th quarter. ORG Partners LLC now owns 131,590 shares of the company’s stock worth $1,449,000 after purchasing an additional 128,125 shares during the period. Axxcess Wealth Management LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter valued at approximately $848,000. Choreo LLC raised its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 197.6% during the 4th quarter. Choreo LLC now owns 76,867 shares of the company’s stock worth $852,000 after buying an additional 51,040 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 53.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,000 shares of the company’s stock valued at $498,000 after buying an additional 16,000 shares in the last quarter. Finally, Kovack Advisors Inc. acquired a new stake in Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter valued at $134,000.

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

Shares of NYSEARCA SPDN opened at $11.25 on Wednesday. The firm has a fifty day moving average of $11.02 and a 200 day moving average of $11.06. Direxion Daily S&P 500 Bear 1x Shares has a one year low of $10.60 and a one year high of $12.96.

Direxion Daily S&P 500 Bear 1x Shares Cuts Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a dividend of $0.0793 per share. The ex-dividend date of this dividend is Tuesday, March 25th.

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.