Short Interest in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Drops By 20.1%

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) was the recipient of a large decline in short interest in February. As of February 27th, there was short interest totaling 1,731,976 shares, a decline of 20.1% from the February 12th total of 2,168,571 shares. Based on an average daily volume of 10,743,385 shares, the short-interest ratio is presently 0.2 days. Currently, 18.9% of the shares of the stock are sold short. Currently, 18.9% of the shares of the stock are sold short. Based on an average daily volume of 10,743,385 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily S&P 500 Bear 3X Shares Stock Up 1.8%

SPXS traded up $0.70 during trading on Friday, hitting $39.21. The company’s stock had a trading volume of 20,351,070 shares, compared to its average volume of 13,029,922. Direxion Daily S&P 500 Bear 3X Shares has a twelve month low of $33.29 and a twelve month high of $106.70. The business’s fifty day simple moving average is $35.04 and its 200 day simple moving average is $36.64.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 3X Shares

A number of large investors have recently added to or reduced their stakes in the stock. Jump Financial LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the second quarter valued at approximately $1,537,000. IMC Chicago LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter worth approximately $8,967,000. Tower Research Capital LLC TRC increased its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 174.4% during the second quarter. Tower Research Capital LLC TRC now owns 107,891 shares of the company’s stock worth $506,000 after purchasing an additional 68,566 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the third quarter worth approximately $1,790,000. Finally, Daytona Street Capital LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at $1,376,000.

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.