Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Get Free Report) shares were down 3.1% during trading on Thursday . The stock traded as low as $24.04 and last traded at $24.13. 14,287,922 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 13,240,150 shares. The stock had previously closed at $24.89.
Direxion Daily S&P 500 Bear 3X Shares Stock Up 1.3%
The stock has a 50 day moving average of $25.58 and a two-hundred day moving average of $30.03.
Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 3X Shares
A number of institutional investors and hedge funds have recently made changes to their positions in SPXS. IMC Chicago LLC lifted its stake in shares of Direxion Daily S&P 500 Bear 3X Shares 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 during the period. Hamilton Wealth LLC purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the first quarter valued at about $19,108,000. Jump Financial LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter valued at approximately $1,537,000. Tower Research Capital LLC TRC lifted its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 174.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 107,891 shares of the company’s stock valued at $506,000 after acquiring an additional 68,566 shares during the period. Finally, Group One Trading LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth approximately $2,172,000.
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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