Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Short Interest Down 34.2% in December

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) was the recipient of a significant decrease in short interest during the month of December. As of December 31st, there was short interest totaling 856,840 shares, a decrease of 34.2% from the December 15th total of 1,301,508 shares. Based on an average daily trading volume, of 5,681,935 shares, the days-to-cover ratio is presently 0.2 days. Approximately 9.7% of the shares of the company are short sold. Approximately 9.7% of the shares of the company are short sold. Based on an average daily trading volume, of 5,681,935 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Direxion Daily S&P 500 Bear 3X Shares

A number of hedge funds have recently added to or reduced their stakes in SPXS. Jump Financial LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares during the second quarter valued at $1,537,000. SBI Securities Co. Ltd. grew its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 2.9% during the 2nd quarter. SBI Securities Co. Ltd. now owns 257,051 shares of the company’s stock valued at $1,206,000 after acquiring an additional 7,222 shares during the period. Signaturefd LLC grew its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 97.5% during the 2nd quarter. Signaturefd LLC now owns 150,000 shares of the company’s stock valued at $704,000 after acquiring an additional 74,056 shares during the period. Tower Research Capital LLC TRC increased its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 174.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 107,891 shares of the company’s stock valued at $506,000 after purchasing an additional 68,566 shares in the last quarter. Finally, Lazari Capital Management Inc. raised its holdings in Direxion Daily S&P 500 Bear 3X Shares by 15.4% in the 2nd quarter. Lazari Capital Management Inc. now owns 65,800 shares of the company’s stock worth $309,000 after purchasing an additional 8,800 shares during the period.

Direxion Daily S&P 500 Bear 3X Shares Stock Up 0.4%

SPXS stock traded up $0.15 during trading on Friday, hitting $34.22. 7,266,971 shares of the company traded hands, compared to its average volume of 7,046,253. Direxion Daily S&P 500 Bear 3X Shares has a 1 year low of $33.47 and a 1 year high of $106.70. The stock’s 50-day simple moving average is $35.68 and its 200 day simple moving average is $39.16.

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.