LEUTHOLD GROUP, LLC - 01 Oct 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: 13,540,471 shares
Disclosed Ownership: 2,532,068 shares
Ownership: 19%
Form type: SCHEDULE 13G/A
Filing time: 02 Oct 2025, 16:43:55 UTC
Date of event: 01 Oct 2025
Previous filing: 14 Feb 2025
Next filing: 05 Dec 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	19%	2,532,068	2,163,637	368,431	/s/ Glenn R. Larson	Glenn R. Larson, Chief Compliance Officer