Hamilton Wealth LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 157,308 shares of the company’s stock, valued at approximately $6,369,000. Direxion Daily S&P 500 Bear 3X Shares accounts for 1.2% of Hamilton Wealth LLC’s portfolio, making the stock its 22nd biggest position.
Several other institutional investors and hedge funds also recently made changes to their positions in SPXS. Royal Bank of Canada bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter worth about $81,000. PayPay Securities Corp increased its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 145.2% during the 4th quarter. PayPay Securities Corp now owns 3,008 shares of the company’s stock worth $107,000 after purchasing an additional 1,781 shares in the last quarter. JPMorgan Chase & Co. bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter valued at about $119,000. Guardian Partners Inc. bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter valued at about $203,000. Finally, BTG Pactual Asset Management US LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the third quarter valued at about $220,000.
Direxion Daily S&P 500 Bear 3X Shares Stock Performance
NYSEARCA:SPXS opened at $26.57 on Monday. Direxion Daily S&P 500 Bear 3X Shares has a 1 year low of $25.53 and a 1 year high of $47.20. The firm has a 50 day moving average of $26.87 and a 200-day moving average of $31.77.
Direxion Daily S&P 500 Bear 3X Shares Company 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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.
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