Shares of Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as $243.00 and last traded at $235.21, with a volume of 559464 shares changing hands. The stock had previously closed at $230.01.
Direxion Daily S&P Biotech Bull 3x Shares Price Performance
The company’s 50-day simple moving average is $186.14 and its two-hundred day simple moving average is $172.47.
Hedge Funds Weigh In On Direxion Daily S&P Biotech Bull 3x Shares
Institutional investors have recently bought and sold shares of the stock. Covestor Ltd purchased a new position in Direxion Daily S&P Biotech Bull 3x Shares during the fourth quarter valued at approximately $71,000. Qube Research & Technologies Ltd purchased a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares in the second quarter worth $26,000. HighTower Advisors LLC lifted its stake in shares of Direxion Daily S&P Biotech Bull 3x Shares by 39.8% during the 4th quarter. HighTower Advisors LLC now owns 3,510 shares of the company’s stock valued at $559,000 after buying an additional 1,000 shares in the last quarter. Halbert Hargrove Global Advisors LLC purchased a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 1st quarter valued at $166,000. Finally, Headlands Technologies LLC bought a new position in Direxion Daily S&P Biotech Bull 3x Shares in the 2nd quarter worth $69,000.
Direxion Daily S&P Biotech Bull 3x Shares Company Profile
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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