Lazari Capital Management Inc. Has $1.66 Million Stock Position in Direxion Daily S&P 500 Bear 3X Shares $SPXS

Lazari Capital Management Inc. cut its holdings in shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) by 33.5% during the third quarter, HoldingsChannel.com reports. The firm owned 43,740 shares of the company’s stock after selling 22,060 shares during the quarter. Lazari Capital Management Inc.’s holdings in Direxion Daily S&P 500 Bear 3X Shares were worth $1,662,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. MAI Capital Management acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the second quarter valued at approximately $40,000. JFS Wealth Advisors LLC raised its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 56.3% during the 2nd quarter. JFS Wealth Advisors LLC now owns 10,000 shares of the company’s stock valued at $47,000 after acquiring an additional 3,600 shares during the last quarter. AFG Fiduciary Services Limited Partnership acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at $61,000. CPR Investments Inc. bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter worth $83,000. Finally, PayPay Securities Corp grew its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 297.9% during the second quarter. PayPay Securities Corp now owns 21,800 shares of the company’s stock worth $102,000 after purchasing an additional 16,321 shares during the period.

Direxion Daily S&P 500 Bear 3X Shares Trading Up 1.5%

NYSEARCA SPXS opened at $34.33 on Thursday. Direxion Daily S&P 500 Bear 3X Shares has a 12 month low of $33.47 and a 12 month high of $106.70. The stock has a 50-day simple moving average of $35.81 and a 200 day simple moving average of $39.34.

Direxion Daily S&P 500 Bear 3X Shares 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.