Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) Hits New 52-Week High – Here’s What Happened

Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) shares hit a new 52-week high during trading on Tuesday . The company traded as high as $198.50 and last traded at $198.28, with a volume of 327181 shares trading hands. The stock had previously closed at $182.70.

Direxion Daily S&P Biotech Bull 3x Shares Stock Up 7.9%

The business has a fifty day moving average of $162.88 and a 200 day moving average of $151.16.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Great Hill Capital LLC bought a new position in Direxion Daily S&P Biotech Bull 3x Shares during the 3rd quarter worth approximately $688,000. JPMorgan Chase & Co. bought a new position in Direxion Daily S&P Biotech Bull 3x Shares during the 3rd quarter worth approximately $3,208,000. IvyRock Asset Management HK Ltd bought a new position in Direxion Daily S&P Biotech Bull 3x Shares during the 3rd quarter worth approximately $768,000. IMC Chicago LLC bought a new position in Direxion Daily S&P Biotech Bull 3x Shares during the 3rd quarter worth approximately $3,806,000. Finally, Bank of America Corp DE lifted its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 134.2% during the 3rd quarter. Bank of America Corp DE now owns 2,476 shares of the company’s stock worth $232,000 after buying an additional 1,419 shares during the last quarter.

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.