Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report) shares shot up 3.3% during mid-day trading on Friday . The company traded as high as $90.97 and last traded at $90.97. 543,615 shares changed hands during trading, a decline of 82% from the average session volume of 2,985,660 shares. The stock had previously closed at $88.04.
Direxion Daily S&P Biotech Bull 3x Shares Trading Down 2.7 %
The business’s 50-day simple moving average is $130.25 and its 200-day simple moving average is $104.15.
Hedge Funds Weigh In On Direxion Daily S&P Biotech Bull 3x Shares
Institutional investors have recently modified their holdings of the company. Jane Street Group LLC grew its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 5,306.9% in the fourth quarter. Jane Street Group LLC now owns 725,171 shares of the company’s stock valued at $5,127,000 after purchasing an additional 711,759 shares during the period. Squarepoint Ops LLC purchased a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the first quarter valued at approximately $1,740,000. Tower Research Capital LLC TRC grew its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 49,146.3% in the third quarter. Tower Research Capital LLC TRC now owns 352,111 shares of the company’s stock valued at $1,342,000 after purchasing an additional 351,396 shares during the period. GTS Securities LLC purchased a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the second quarter valued at approximately $1,533,000. Finally, Simplex Trading LLC purchased a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the third quarter valued at approximately $949,000.
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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