Shares of Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report) were up 7.1% during mid-day trading on Wednesday . The company traded as high as $156.70 and last traded at $158.4790. Approximately 347,124 shares were traded during trading, a decline of 77% from the average daily volume of 1,497,310 shares. The stock had previously closed at $148.01.
Direxion Daily S&P Biotech Bull 3x Shares Price Performance
The stock has a 50-day moving average price of $125.30 and a two-hundred day moving average price of $85.95.
Institutional Investors Weigh In On Direxion Daily S&P Biotech Bull 3x Shares
A number of large investors have recently modified their holdings of LABU. Qube Research & Technologies Ltd purchased a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 2nd quarter valued at approximately $26,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares by 68.7% in the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the company’s stock worth $47,000 after buying an additional 206 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Direxion Daily S&P Biotech Bull 3x Shares by 46.3% during the second quarter. Spire Wealth Management now owns 1,106 shares of the company’s stock worth $63,000 after buying an additional 350 shares during the period. Headlands Technologies LLC purchased a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the second quarter valued at $69,000. Finally, SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares by 12.8% during the second quarter. SBI Securities Co. Ltd. now owns 3,388 shares of the company’s stock valued at $193,000 after buying an additional 385 shares during the last quarter.
Direxion Daily S&P Biotech Bull 3x Shares Company Profile
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.
Read More
- Five stocks we like better than Direxion Daily S&P Biotech Bull 3x Shares
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- Meta’s AI Moment? New SAM 3 Model Has Wall Street Turning Bullish
- Growth Investing: Should You Adopt This Investing Strategy in 2022?
- Snowflake Stock: The Dip That Smart Investors Are Buying Right Now
- Why Are Stock Sectors Important to Successful Investing?
- Kraken Robotics Stock Exploded 1,000%—Now Wall Street Is Paying Attention
Receive News & Ratings for Direxion Daily S&P Biotech Bull 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 Biotech Bull 3x Shares and related companies with MarketBeat.com's FREE daily email newsletter.
