Direxion Daily S&P 500 Bear 3X ETF (NYSEARCA:SPXS – Get Free Report) was the target of some unusual options trading activity on Thursday. Stock investors purchased 25,021 call options on the stock. This represents an increase of 40% compared to the typical volume of 17,831 call options.
Direxion Daily S&P 500 Bear 3X ETF Stock Performance
Shares of SPXS traded up $0.29 during mid-day trading on Thursday, reaching $24.30. The company’s stock had a trading volume of 9,968,221 shares, compared to its average volume of 13,287,393. Direxion Daily S&P 500 Bear 3X ETF has a 1-year low of $23.04 and a 1-year high of $44.83. The business has a 50-day simple moving average of $24.50 and a two-hundred day simple moving average of $29.52.
Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 3X ETF
Large investors have recently modified their holdings of the stock. IMC Chicago LLC raised its stake in Direxion Daily S&P 500 Bear 3X ETF by 323.0% in the first quarter. IMC Chicago LLC now owns 1,069,475 shares of the company’s stock valued at $43,303,000 after purchasing an additional 816,668 shares in the last quarter. Hamilton Wealth LLC bought a new position in Direxion Daily S&P 500 Bear 3X ETF in the first quarter valued at approximately $19,108,000. Group One Trading LLC acquired a new position in Direxion Daily S&P 500 Bear 3X ETF during the first quarter valued at approximately $2,172,000. Ramsey Quantitative Systems bought a new stake in Direxion Daily S&P 500 Bear 3X ETF during the third quarter worth $256,000. Finally, Corient Private Wealth LLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X ETF in the 4th quarter valued at $359,000.
Direxion Daily S&P 500 Bear 3X ETF Company 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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.
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