Leuthold Group, Llc - Oct 1, 2025 SCHEDULE 13G/A Report for Direxion Shares ETF Trust Direxion Daily S&P 500 Bear 1X Shares (SPDN)

Filing Manager: LEUTHOLD GROUP, LLC
Reporting Manager: LEUTHOLD GROUP, LLC
Security: Direxion Shares ETF Trust Direxion Daily S&P 500 Bear 1X Shares
Symbol: SPDN
Shares outstanding: 13.5M shares
Disclosed Ownership: 2.53M shares
Ownership: 18.7%
Form type: SCHEDULE 13G/A
Date filed: 10/2/2025, 04:43 PM
Date of event: Oct 1, 2025
Previous filing: Feb 14, 2025
SEC: View on sec.gov

Reporting Managers (1)

Name	Ownership	Shares Owned	sole voting power	shared voting power	Signature	Title	CIK
LEUTHOLD GROUP, LLC	18.7%	2.53M	2.16M	368K	/s/ Glenn R. Larson	Glenn R. Larson, Chief Compliance Officer