Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Get Free Report) were down 0.5% during mid-day trading on Thursday . The stock traded as low as $27.05 and last traded at $27.30. Approximately 18,694,130 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 14,290,440 shares. The stock had previously closed at $27.45.
Direxion Daily S&P 500 Bear 3X Shares Price Performance
The company’s 50-day simple moving average is $33.95 and its 200-day simple moving average is $34.95.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of SPXS. Royal Bank of Canada acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter worth approximately $81,000. PayPay Securities Corp lifted its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 145.2% in the 4th quarter. PayPay Securities Corp now owns 3,008 shares of the company’s stock worth $107,000 after purchasing an additional 1,781 shares during the period. JPMorgan Chase & Co. acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter worth approximately $119,000. Guardian Partners Inc. acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter worth approximately $203,000. Finally, BTG Pactual Asset Management US LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter worth approximately $220,000.
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. 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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