SBI Securities Co. Ltd. Acquires New Holdings in Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU)

SBI Securities Co. Ltd. bought a new stake in Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) during the fourth quarter, Holdings Channel.com reports. The fund bought 266 shares of the company’s stock, valued at approximately $39,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPUU. Legacy Investment Solutions LLC acquired a new stake in Direxion Daily S&P 500 Bull 2X Shares in the 3rd quarter valued at $31,000. Virtu Financial LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares during the third quarter worth $6,564,000. ST Germain D J Co. Inc. acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares during the fourth quarter worth $27,000. Fermata Advisors LLC acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares during the fourth quarter worth $204,000. Finally, US Bancorp DE acquired a new stake in shares of Direxion Daily S&P 500 Bull 2X Shares during the fourth quarter worth $3,111,000.

Direxion Daily S&P 500 Bull 2X Shares Stock Down 1.6 %

Shares of Direxion Daily S&P 500 Bull 2X Shares stock opened at $130.98 on Wednesday. Direxion Daily S&P 500 Bull 2X Shares has a 12 month low of $109.44 and a 12 month high of $160.38. The business has a fifty day simple moving average of $151.41 and a 200 day simple moving average of $148.38. The stock has a market cap of $148.01 million, a PE ratio of 26.71 and a beta of 2.03.

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

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.