Direxion Daily S&P 500 Bear 3X ETF (NYSEARCA:SPXS – Get Free Report) shares traded up 1.4% during trading on Thursday. The stock traded as high as $24.08 and last traded at $23.77. 13,164,062 shares changed hands during mid-day trading, a decline of 1% from the average daily volume of 13,277,793 shares. The stock had previously closed at $23.45.
Direxion Daily S&P 500 Bear 3X ETF Trading Up 1.4%
The stock’s 50-day simple moving average is $24.54 and its two-hundred day simple moving average is $27.94.
Institutional Trading of Direxion Daily S&P 500 Bear 3X ETF
Several hedge funds have recently added to or reduced their stakes in the business. IMC Chicago LLC boosted its holdings in Direxion Daily S&P 500 Bear 3X ETF by 323.0% during the first quarter. IMC Chicago LLC now owns 1,069,475 shares of the company’s stock valued at $43,303,000 after purchasing an additional 816,668 shares in the last quarter. Hamilton Wealth LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X ETF in the 1st quarter valued at $19,108,000. Group One Trading LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X ETF in the 1st quarter valued at $2,172,000. Corient Private Wealth LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X ETF in the 4th quarter valued at $359,000. Finally, Guardian Partners Inc. bought a new stake in Direxion Daily S&P 500 Bear 3X ETF in the first quarter valued at $203,000.
About Direxion Daily S&P 500 Bear 3X ETF
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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