SPDN stock icon

Direxion Daily S&P 500 Bear 1X Shares
SPDN

$11.57
0%

Market Cap: $175M

0
Funds holding %
of 6,710 funds
–
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

5.94% more ownership

Funds ownership: 44.62% [Q1] → 50.56% (+5.94%) [Q2]

1% more capital invested

Capital invested by funds: $78.7M [Q1] → $79.8M (+$1.05M) [Q2]

0% more funds holding

Funds holding: 40 [Q1] → 40 (+0) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q1] → 3 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 10 | Existing positions closed: 10

43% less repeat investments, than reductions

Existing positions increased: 8 | Existing positions reduced: 14

100% less call options, than puts

Call options by funds: $0 | Put options by funds: $7K

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Research analyst outlook

We haven’t received any recent analyst ratings for SPDN.

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Financial journalist opinion

Negative
Seeking Alpha
2 weeks ago
Betting Against The Market With The SPDN ETF
The SPDN ETF offers a way to bet against the market, moving inversely to the S&P 500, but it's not for long-term holding. Market's muted response to rate cuts suggests they're already priced in; high S&P 500 P/E ratio supports this sentiment. Weak economic data, potential oil price spikes, and slowing consumer demand could negatively impact market valuations and company earnings.
Betting Against The Market With The SPDN ETF
Positive
Benzinga
1 month ago
Direxion's Inverse ETF SPDN Allows Investors To Profit From Market Carnage
Wall Street is on the verge of inking a conspicuous downcycle for the week, with the major indices flashing red in late-afternoon trading on Friday. The benchmark S&P 500 is down about 0.7% against Thursday's close, and is about to book a loss of more than 2% for the business week ending July 19.
Direxion's Inverse ETF SPDN Allows Investors To Profit From Market Carnage
Positive
Zacks Investment Research
5 months ago
Inverse ETFs to Play Now on Middle East Tension & Rising Rates?
Wall Street wavered this week on high inflation data which lowered chances of an imminent Fed rate cut. Plus, geopolitical tension in Middle East has weighed on stocks.
Inverse ETFs to Play Now on Middle East Tension & Rising Rates?
Positive
InvestorPlace
9 months ago
Bear Market Bets: 7 Inverse ETFs for Contrarian Investors
While the buy-and-hold strategy makes the most intuitive sense, it's boring, which invariably leads curious investors down the path toward inverse ETFs. Just like any other exchange-traded fund, these bear trades represent a basket of securities under a single umbrella.
Bear Market Bets: 7 Inverse ETFs for Contrarian Investors
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