Bank of Montreal Can lowered its position in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Get Rating) by 9.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 147,725 shares of the company's stock after selling 15,100 shares during the period. Bank of Montreal Can owned about 0.44% of Direxion Daily S&P 500 Bear 1x Shares worth $2,452,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in SPDN. Newbridge Financial Services Group Inc. grew its stake in Direxion Daily S&P 500 Bear 1x Shares by 88.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 10,700 shares of the company's stock valued at $177,000 after purchasing an additional 5,010 shares during the period. LifePro Asset Management purchased a new stake in Direxion Daily S&P 500 Bear 1x Shares during the third quarter worth about $6,237,000. Acute Investment Advisory LLC increased its holdings in Direxion Daily S&P 500 Bear 1x Shares by 264.4% during the fourth quarter. Acute Investment Advisory LLC now owns 455,968 shares of the company's stock worth $7,528,000 after buying an additional 330,844 shares during the last quarter. Moors & Cabot Inc. purchased a new position in Direxion Daily S&P 500 Bear 1x Shares in the third quarter valued at about $401,000. Finally, 4J Wealth Management LLC bought a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the 3rd quarter valued at approximately $2,237,000.

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

Shares of SPDN stock opened at $15.45 on Monday. The company has a 50 day moving average of $15.81 and a 200-day moving average of $16.14. Direxion Daily S&P 500 Bear 1x Shares has a 12-month low of $14.89 and a 12-month high of $18.32.

Direxion Daily S&P 500 Bear 1x Shares Profile

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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.

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