Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report) were down 9.1% during mid-day trading on Monday . The stock traded as low as $176.90 and last traded at $177.45. Approximately 371,644 shares were traded during mid-day trading, a decline of 39% from the average daily volume of 612,834 shares. The stock had previously closed at $195.30.
Direxion Daily S&P Biotech Bull 3x Shares Price Performance
The firm has a fifty day moving average of $177.67 and a 200-day moving average of $167.85.
Institutional Trading of Direxion Daily S&P Biotech Bull 3x Shares
Several hedge funds have recently made changes to their positions in LABU. Qube Research & Technologies Ltd bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 2nd quarter worth approximately $26,000. Headlands Technologies LLC bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 2nd quarter worth approximately $69,000. Covestor Ltd bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 4th quarter worth approximately $71,000. Halbert Hargrove Global Advisors LLC bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 1st quarter worth approximately $166,000. Finally, Bank of America Corp DE lifted its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares by 134.2% in the 3rd quarter. Bank of America Corp DE now owns 2,476 shares of the company’s stock worth $232,000 after purchasing an additional 1,419 shares during the last quarter.
About Direxion Daily S&P Biotech Bull 3x Shares
The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion.
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