XR Securities LLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 63,607 shares of the company’s stock, valued at approximately $735,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company. CWA Asset Management Group LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the third quarter valued at about $166,000. B. Riley Financial Inc. acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter worth approximately $14,202,000. CPR Investments Inc. boosted its position in Direxion Daily S&P 500 Bear 3X Shares by 17.8% during the 3rd quarter. CPR Investments Inc. now owns 58,745 shares of the company’s stock worth $927,000 after buying an additional 8,884 shares during the period. Headlands Technologies LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter worth approximately $665,000. Finally, HighTower Advisors LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter worth approximately $523,000.
Direxion Daily S&P 500 Bear 3X Shares Stock Performance
Direxion Daily S&P 500 Bear 3X Shares stock remained flat at $9.75 during mid-day trading on Wednesday. 30,090,831 shares of the company’s stock traded hands, compared to its average volume of 27,787,477. Direxion Daily S&P 500 Bear 3X Shares has a 52-week low of $8.65 and a 52-week high of $18.62. The firm’s 50 day moving average price is $9.43 and its two-hundred day moving average price is $11.72.
Direxion Daily S&P 500 Bear 3X Shares Profile
Direxion Daily S&P 500 Bear 3X Shares ETF, formerly Direxion Daily S&P 500 Bear 3X Shares, seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the S&P 500 Index. The S&P 500 Index is a capitalization-weighted index composed of 500 domestic common stocks. Standard & Poor’s selects the 500 stocks comprising the Index on the basis of market values and industry diversification.
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