Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) Sees Significant Drop in Short Interest

by · The Cerbat Gem

Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU – Get Free Report) saw a large decline in short interest in April. As of April 30th, there was short interest totaling 17,922 shares, a decline of 58.3% from the April 15th total of 42,947 shares. Based on an average daily trading volume, of 29,030 shares, the short-interest ratio is currently 0.6 days. Currently, 1.6% of the shares of the stock are sold short.

Institutional Investors Weigh In On Direxion Daily S&P 500 Bull 2X Shares

Large investors have recently bought and sold shares of the company. Allworth Financial LP increased its stake in Direxion Daily S&P 500 Bull 2X Shares by 106.4% during the 3rd quarter. Allworth Financial LP now owns 194 shares of the company’s stock worth $35,000 after buying an additional 100 shares in the last quarter. Chung Wu Investment Group LLC increased its stake in Direxion Daily S&P 500 Bull 2X Shares by 43.8% during the 3rd quarter. Chung Wu Investment Group LLC now owns 920 shares of the company’s stock worth $165,000 after buying an additional 280 shares in the last quarter. Mariner LLC purchased a new stake in Direxion Daily S&P 500 Bull 2X Shares during the 4th quarter worth approximately $208,000. Bison Wealth LLC purchased a new stake in Direxion Daily S&P 500 Bull 2X Shares during the 4th quarter worth approximately $210,000. Finally, CPR Investments Inc. purchased a new stake in Direxion Daily S&P 500 Bull 2X Shares during the 1st quarter worth approximately $348,000.

Direxion Daily S&P 500 Bull 2X Shares Trading Down 2.5%

NYSEARCA:SPUU opened at $211.72 on Friday. Direxion Daily S&P 500 Bull 2X Shares has a 12 month low of $136.30 and a 12 month high of $217.67. The stock has a 50 day moving average of $184.97 and a two-hundred day moving average of $185.39. The firm has a market cap of $239.24 million, a P/E ratio of 25.96 and a beta of 2.02.

Direxion Daily S&P 500 Bull 2X Shares Company Profile

(Get Free Report)

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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