Bullseye Investment Management LLC Buys Shares of 3,552 Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU)

Bullseye Investment Management LLC acquired a new stake in Direxion Daily S&P 500 Bull 2X Shares (NYSEARCA:SPUU) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,552 shares of the company’s stock, valued at approximately $523,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPUU. ST Germain D J Co. Inc. acquired a new position in shares of Direxion Daily S&P 500 Bull 2X Shares during the 4th quarter valued at $27,000. Legacy Investment Solutions LLC acquired a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the 3rd quarter worth approximately $31,000. SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily S&P 500 Bull 2X Shares in the 4th quarter worth approximately $39,000. Fermata Advisors LLC bought a new stake in Direxion Daily S&P 500 Bull 2X Shares during the fourth quarter worth approximately $204,000. Finally, Chung Wu Investment Group LLC bought a new stake in Direxion Daily S&P 500 Bull 2X Shares during the fourth quarter worth approximately $265,000.

Direxion Daily S&P 500 Bull 2X Shares Stock Performance

Shares of NYSEARCA:SPUU opened at $130.69 on Friday. The company has a market capitalization of $115.43 million, a PE ratio of 23.97 and a beta of 2.04. The stock has a fifty day moving average of $147.78 and a 200-day moving average of $148.35. Direxion Daily S&P 500 Bull 2X Shares has a one year low of $109.44 and a one year high of $160.38.

Direxion Daily S&P 500 Bull 2X Shares Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th will be given a $0.3703 dividend. This is a positive change from Direxion Daily S&P 500 Bull 2X Shares’s previous dividend of $0.11. The ex-dividend date is Tuesday, March 25th.

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.