Direxion Daily S&P 500 Bear 3X Shares $SPXS Shares Sold by SBI Securities Co. Ltd.

SBI Securities Co. Ltd. trimmed its holdings in shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) by 86.1% in the third quarter, Holdings Channel reports. The institutional investor owned 35,815 shares of the company’s stock after selling 221,236 shares during the period. SBI Securities Co. Ltd.’s holdings in Direxion Daily S&P 500 Bear 3X Shares were worth $1,361,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. MAI Capital Management purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the second quarter valued at approximately $40,000. Poehling Capital Management INC. purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares in the second quarter valued at $155,000. JFS Wealth Advisors LLC boosted its stake in Direxion Daily S&P 500 Bear 3X Shares by 56.3% in the second 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 in the last quarter. Kiker Wealth Management LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter valued at about $228,000. Finally, Global Retirement Partners LLC boosted its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 12,458.3% in the 3rd quarter. Global Retirement Partners LLC now owns 6,028 shares of the company’s stock valued at $229,000 after purchasing an additional 5,980 shares during the period.

Direxion Daily S&P 500 Bear 3X Shares Stock Performance

Shares of SPXS opened at $34.36 on Friday. The company’s 50 day simple moving average is $34.86 and its 200-day simple moving average is $38.04. Direxion Daily S&P 500 Bear 3X Shares has a 12-month low of $33.29 and a 12-month high of $106.70.

About Direxion Daily S&P 500 Bear 3X Shares

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.