Lazari Capital Management Inc. Sells 24,440 Shares of Direxion Daily S&P 500 Bear 3X Shares $SPXS

Lazari Capital Management Inc. reduced its holdings in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) by 55.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,300 shares of the company’s stock after selling 24,440 shares during the period. Lazari Capital Management Inc. owned approximately 0.22% of Direxion Daily S&P 500 Bear 3X Shares worth $685,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. Virtu Financial LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter valued at about $1,790,000. Jump Financial LLC purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the second quarter worth about $1,537,000. Tower Research Capital LLC TRC grew its position in Direxion Daily S&P 500 Bear 3X Shares by 174.4% in the second quarter. Tower Research Capital LLC TRC now owns 107,891 shares of the company’s stock worth $506,000 after acquiring an additional 68,566 shares in the last quarter. Group One Trading LLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares during the third quarter worth approximately $310,000. Finally, BTG Pactual Asset Management US LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares during the third quarter valued at approximately $220,000.

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

Shares of SPXS stock opened at $39.48 on Friday. Direxion Daily S&P 500 Bear 3X Shares has a 1 year low of $33.29 and a 1 year high of $106.70. The stock’s 50 day simple moving average is $36.82 and its two-hundred day simple moving average is $36.55.

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.