JFS Wealth Advisors LLC lifted its position in shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Free Report) by 56.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,000 shares of the company’s stock after purchasing an additional 3,600 shares during the period. JFS Wealth Advisors LLC’s holdings in Direxion Daily S&P 500 Bear 3X Shares were worth $47,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the stock. SouthState Corp acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at about $28,000. Lazari Capital Management Inc. increased its position in Direxion Daily S&P 500 Bear 3X Shares by 15.4% in the 2nd quarter. Lazari Capital Management Inc. now owns 65,800 shares of the company’s stock valued at $309,000 after acquiring an additional 8,800 shares during the period. Banque Transatlantique SA acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at about $71,000. Avalon Capital Management acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at about $80,000. Finally, AFG Fiduciary Services Limited Partnership acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at about $61,000.
Direxion Daily S&P 500 Bear 3X Shares Stock Performance
Shares of SPXS stock opened at $40.34 on Friday. Direxion Daily S&P 500 Bear 3X Shares has a 52-week low of $36.83 and a 52-week high of $106.70. The stock’s 50-day moving average price is $40.81 and its 200 day moving average price is $52.21.
Direxion Daily S&P 500 Bear 3X Shares 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.
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