Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Trading Up 4.6%

Shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXSGet Rating) were up 4.6% during trading on Friday . The company traded as high as $20.00 and last traded at $19.86. Approximately 441,431 shares traded hands during trading, a decline of 98% from the average daily volume of 21,255,451 shares. The stock had previously closed at $18.99.

Direxion Daily S&P 500 Bear 3X Shares Trading Up 10.1 %

The stock’s 50-day simple moving average is $22.66 and its 200 day simple moving average is $21.75.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 3X Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IMC Chicago LLC boosted its position in Direxion Daily S&P 500 Bear 3X Shares by 377.3% during the second quarter. IMC Chicago LLC now owns 1,190,175 shares of the company’s stock worth $31,730,000 after purchasing an additional 940,839 shares during the period. David R. Rahn & Associates Inc. bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the first quarter worth $19,985,000. Simplex Trading LLC boosted its position in Direxion Daily S&P 500 Bear 3X Shares by 1,916.4% during the second quarter. Simplex Trading LLC now owns 193,028 shares of the company’s stock worth $5,146,000 after purchasing an additional 183,455 shares during the period. Virtu Financial LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth $2,692,000. Finally, Flow Traders U.S. LLC boosted its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 65.8% in the second quarter. Flow Traders U.S. LLC now owns 69,718 shares of the company’s stock valued at $1,859,000 after acquiring an additional 27,670 shares during the period.

Direxion Daily S&P 500 Bear 3X Shares Company Profile

(Get Rating)

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.

Further Reading



Receive News & Ratings for Direxion Daily S&P 500 Bear 3X Shares Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Direxion Daily S&P 500 Bear 3X Shares and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a Reply

Your email address will not be published.