Simplex Trading LLC decreased its stake in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Free Report) by 14.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227,958 shares of the company’s stock after selling 38,569 shares during the quarter. Simplex Trading LLC’s holdings in Direxion Daily S&P 500 Bear 3X Shares were worth $1,069,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPXS. SouthState Corp acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth about $28,000. JFS Wealth Advisors LLC boosted its stake in Direxion Daily S&P 500 Bear 3X Shares by 56.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 10,000 shares of the company’s stock worth $47,000 after acquiring an additional 3,600 shares during the last quarter. Banque Transatlantique SA acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the first quarter valued at approximately $71,000. Avalon Capital Management acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the first quarter valued at approximately $80,000. Finally, AFG Fiduciary Services Limited Partnership bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the second quarter valued at approximately $61,000.
Direxion Daily S&P 500 Bear 3X Shares Price Performance
Shares of NYSEARCA SPXS opened at $37.40 on Friday. The company’s fifty day moving average is $38.39 and its 200-day moving average is $46.24. Direxion Daily S&P 500 Bear 3X Shares has a twelve month low of $34.35 and a twelve month high of $106.70.
Direxion Daily S&P 500 Bear 3X Shares 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.
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