Synergy Asset Management LLC Invests $47,000 in Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN)

Posted by Alanna Baker on Feb 1st, 2025

Synergy Asset Management LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 1x Shares (NYSEARCA:SPDN – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,229 shares of the company’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NovaPoint Capital LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 1x Shares during the 3rd quarter valued at $157,000. Creative Planning bought a new stake in Direxion Daily S&P 500 Bear 1x Shares during the second quarter valued at $282,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Direxion Daily S&P 500 Bear 1x Shares during the third quarter worth about $337,000. Maltin Wealth Management Inc. increased its stake in Direxion Daily S&P 500 Bear 1x Shares by 4.7% in the 3rd quarter. Maltin Wealth Management Inc. now owns 54,603 shares of the company’s stock worth $612,000 after acquiring an additional 2,460 shares during the last quarter. Finally, ORG Partners LLC raised its holdings in shares of 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 valued at $1,449,000 after acquiring an additional 128,125 shares in the last quarter.

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

Shares of NYSEARCA SPDN opened at $10.77 on Friday. The business has a 50-day moving average of $10.85 and a 200-day moving average of $11.25. Direxion Daily S&P 500 Bear 1x Shares has a 12 month low of $10.60 and a 12 month high of $13.19.

Direxion Daily S&P 500 Bear 1x Shares Profile

(Free Report)

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.