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) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 19,354 shares of the company’s stock, valued at approximately $213,000. SwitchPoint Financial Planning LLC owned 0.12% of Direxion Daily S&P 500 Bear 1x Shares at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Synergy Asset Management LLC purchased a new position in Direxion Daily S&P 500 Bear 1x Shares in the 4th quarter worth $47,000. Kovack Advisors Inc. acquired a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter valued at about $134,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Direxion Daily S&P 500 Bear 1x Shares by 53.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 46,000 shares of the company’s stock worth $498,000 after purchasing an additional 16,000 shares during the last quarter. Choreo LLC lifted its holdings in shares of Direxion Daily S&P 500 Bear 1x Shares by 197.6% during the fourth quarter. Choreo LLC now owns 76,867 shares of the company’s stock worth $852,000 after purchasing an additional 51,040 shares during the period. Finally, Axxcess Wealth Management LLC purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares in the fourth quarter valued at approximately $848,000.

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

SPDN opened at $11.25 on Wednesday. Direxion Daily S&P 500 Bear 1x Shares has a 12-month low of $10.60 and a 12-month high of $12.96. The firm has a 50 day moving average of $11.02 and a two-hundred day moving average of $11.06.

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

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

Direxion Daily S&P 500 Bear 1x Shares 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.