Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report)’s stock price dropped 6.9% during mid-day trading on Monday . The company traded as low as $155.95 and last traded at $156.0820. Approximately 554,261 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 863,152 shares. The stock had previously closed at $167.73.
Direxion Daily S&P Biotech Bull 3x Shares Trading Down 1.4%
The stock’s 50 day simple moving average is $153.64 and its 200 day simple moving average is $107.03.
Hedge Funds Weigh In On Direxion Daily S&P Biotech Bull 3x Shares
A number of hedge funds have recently bought and sold shares of the company. Squarepoint Ops LLC lifted its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 33.2% during the 2nd quarter. Squarepoint Ops LLC now owns 161,146 shares of the company’s stock worth $9,171,000 after buying an additional 40,157 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 664.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 58,171 shares of the company’s stock valued at $5,445,000 after acquiring an additional 50,564 shares in the last quarter. IMC Chicago LLC bought a new position in Direxion Daily S&P Biotech Bull 3x Shares during the third quarter worth $3,806,000. JPMorgan Chase & Co. bought a new position in Direxion Daily S&P Biotech Bull 3x Shares during the third quarter worth $3,208,000. Finally, Virtu Financial LLC acquired a new position in Direxion Daily S&P Biotech Bull 3x Shares in the third quarter worth $1,757,000.
About Direxion Daily S&P Biotech Bull 3x Shares
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.
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