PayPay Securities Corp Increases Stock Position in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

PayPay Securities Corp boosted its holdings in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) by 128.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,158 shares of the company’s stock after buying an additional 4,023 shares during the period. Direxion Daily S&P 500 Bear 3X Shares makes up 2.0% of PayPay Securities Corp’s investment portfolio, making the stock its 17th biggest holding. PayPay Securities Corp’s holdings in Direxion Daily S&P 500 Bear 3X Shares were worth $45,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SPXS. Charter Oak Capital Management LLC boosted its holdings in shares of Direxion Daily S&P 500 Bear 3X Shares by 639.5% in the fourth quarter. Charter Oak Capital Management LLC now owns 79,432 shares of the company’s stock worth $499,000 after acquiring an additional 68,691 shares during the period. Foundations Investment Advisors LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth about $375,000. AFG Fiduciary Services Limited Partnership bought a new position in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter worth about $178,000. Patriot Investment Management Group Inc. purchased a new position in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter valued at about $126,000. Finally, XTX Topco Ltd bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the third quarter valued at about $101,000.

Direxion Daily S&P 500 Bear 3X Shares Price Performance

Shares of Direxion Daily S&P 500 Bear 3X Shares stock opened at $5.62 on Friday. The company’s 50-day moving average price is $5.95 and its 200-day moving average price is $6.58. Direxion Daily S&P 500 Bear 3X Shares has a 12-month low of $5.58 and a 12-month high of $10.51.

About Direxion Daily S&P 500 Bear 3X Shares

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.