Lazari Capital Management Inc. Raises Stock Holdings in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

Posted by Casey Walker on Feb 3rd, 2025

Lazari Capital Management Inc. boosted its position in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Free Report) by 44.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,900 shares of the company’s stock after buying an additional 14,350 shares during the quarter. Lazari Capital Management Inc. owned approximately 0.08% of Direxion Daily S&P 500 Bear 3X Shares worth $295,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter worth $655,000. Embree Financial Group bought a new position in Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter valued at $99,000. XTX Topco Ltd purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the third quarter worth approximately $101,000. AFG Fiduciary Services Limited Partnership bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter valued at approximately $178,000. Finally, Patriot Investment Management Group Inc. bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter worth $126,000.

Direxion Daily S&P 500 Bear 3X Shares Stock Up 1.6 %

NYSEARCA SPXS opened at $5.83 on Monday. Direxion Daily S&P 500 Bear 3X Shares has a 12-month low of $5.58 and a 12-month high of $11.14. The firm’s fifty day simple moving average is $5.96 and its two-hundred day simple moving average is $6.69.

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

(Free Report)

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.