Fermata Advisors LLC bought a new position in shares of Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU – Free Report) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 1,376 shares of the company’s stock, valued at approximately $204,000.
Several other hedge funds have also modified their holdings of the company. Exchange Traded Concepts LLC acquired a new position in Direxion Daily S&P 500 Bull 2X Shares in the 3rd quarter worth about $7,129,000. ST Germain D J Co. Inc. purchased a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares in the fourth quarter valued at approximately $27,000. Legacy Investment Solutions LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 2X Shares during the 3rd quarter worth approximately $31,000. Inscription Capital LLC lifted its position in shares of Direxion Daily S&P 500 Bull 2X Shares by 3.0% during the 3rd quarter. Inscription Capital LLC now owns 2,889 shares of the company’s stock valued at $415,000 after buying an additional 83 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily S&P 500 Bull 2X Shares in the 3rd quarter valued at $6,564,000.
Direxion Daily S&P 500 Bull 2X Shares Stock Performance
Shares of NYSEARCA SPUU opened at $153.05 on Friday. The firm has a fifty day moving average of $152.91 and a 200 day moving average of $143.06. The firm has a market cap of $195.90 million, a PE ratio of 32.40 and a beta of 1.98. Direxion Daily S&P 500 Bull 2X Shares has a one year low of $101.70 and a one year high of $159.69.
About Direxion Daily S&P 500 Bull 2X Shares
The Direxion Daily S&P 500 Bull 2X Shares (SPUU) is an exchange-traded fund that is based on the S&P 500 index. The fund provides 2x daily leveraged exposure to the S&P 500, a market-cap-weighted index of US large-cap stocks selected by S&Ps index committee. SPUU was launched on May 28, 2014 and is managed by Direxion.
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Want to see what other hedge funds are holding SPUU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU – Free Report).
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