Shares of Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $303.55, but opened at $287.83. Direxion Daily S&P Biotech Bull 3x Shares shares last traded at $291.0040, with a volume of 137,055 shares changing hands.
Direxion Daily S&P Biotech Bull 3x Shares Stock Down 4.8%
The stock’s 50 day moving average price is $283.75 and its 200 day moving average price is $218.14.
Institutional Trading of Direxion Daily S&P Biotech Bull 3x Shares
A number of hedge funds have recently made changes to their positions in the stock. Qube Research & Technologies Ltd bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares during the second quarter valued at $26,000. Ramsey Quantitative Systems bought a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 2nd quarter worth about $41,000. Headlands Technologies LLC acquired a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 2nd quarter valued at about $69,000. Covestor Ltd acquired a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 4th quarter valued at about $71,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 1st quarter valued at about $166,000.
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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