Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Get Free Report) were up 4.7% on Thursday . The stock traded as high as $7.64 and last traded at $7.65. Approximately 58,278,074 shares were traded during mid-day trading, an increase of 23% from the average daily volume of 47,549,595 shares. The stock had previously closed at $7.30.
Direxion Daily S&P 500 Bear 3X Shares Stock Down 6.1 %
The company has a fifty day moving average price of $6.12 and a two-hundred day moving average price of $6.35.
Institutional Investors Weigh In On Direxion Daily S&P 500 Bear 3X Shares
Hedge funds have recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter valued at about $101,000. Foundations Investment Advisors LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at about $375,000. Patriot Investment Management Group Inc. acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at about $126,000. Gimbal Financial acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at about $110,000. Finally, SBI Securities Co. Ltd. acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at about $1,263,000.
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.
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