Advisory Services Network LLC Makes New $318,000 Investment in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN)

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Advisory Services Network LLC acquired a new position in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 20,300 shares of the company’s stock, valued at approximately $318,000. Advisory Services Network LLC owned approximately 0.24% of Direxion Daily S&P 500 Bear 1x Shares as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of the business. Steward Partners Investment Advisory LLC purchased a new position in Direxion Daily S&P 500 Bear 1x Shares in the second quarter valued at about $27,000. blooom inc. purchased a new position in Direxion Daily S&P 500 Bear 1x Shares in the third quarter valued at about $217,000. Beacon Pointe Advisors LLC purchased a new position in Direxion Daily S&P 500 Bear 1x Shares in the second quarter valued at about $221,000. Resonant Capital Advisors LLC purchased a new position in Direxion Daily S&P 500 Bear 1x Shares in the third quarter valued at about $288,000. Finally, Contravisory Investment Management Inc. purchased a new position in Direxion Daily S&P 500 Bear 1x Shares in the third quarter valued at about $304,000.

SPDN opened at $14.17 on Thursday. Direxion Daily S&P 500 Bear 1x Shares has a twelve month low of $13.90 and a twelve month high of $18.66. The company’s 50-day moving average price is $14.34 and its two-hundred day moving average price is $14.95.

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