Synergy Asset Management LLC boosted its holdings in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Get Rating) by 14.2% in the third quarter, Holdings Channel reports. The firm owned 649,630 shares of the company's stock after purchasing an additional 81,022 shares during the quarter. Direxion Daily S&P 500 Bear 1x Shares comprises about 3.1% of Synergy Asset Management LLC's holdings, making the stock its 4th biggest position. Synergy Asset Management LLC's holdings in Direxion Daily S&P 500 Bear 1x Shares were worth $11,615,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in SPDN. UBS Group AG bought a new position in Direxion Daily S&P 500 Bear 1x Shares in the first quarter valued at $30,000. Captrust Financial Advisors bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the 1st quarter valued at about $96,000. Newbridge Financial Services Group Inc. grew its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 498.9% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 5,690 shares of the company's stock valued at $102,000 after acquiring an additional 4,740 shares during the period. Quantbot Technologies LP bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares in the 2nd quarter valued at about $136,000. Finally, IFP Advisors Inc grew its position in shares of Direxion Daily S&P 500 Bear 1x Shares by 100.4% in the 3rd quarter. IFP Advisors Inc now owns 4,916 shares of the company's stock valued at $146,000 after acquiring an additional 2,463 shares during the period.

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

Shares of SPDN opened at $15.39 on Friday. The firm has a 50-day moving average of $16.10 and a 200-day moving average of $16.28. Direxion Daily S&P 500 Bear 1x Shares has a one year low of $14.23 and a one year high of $18.32.

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Want to see what other hedge funds are holding SPDN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Get Rating).

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