Group One Trading LLC purchased a new position in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Free Report) during the 1st quarter, Holdings Channel reports. The fund purchased 53,644 shares of the company’s stock, valued at approximately $2,172,000.
Several other institutional investors also recently added to or reduced their stakes in the stock. PayPay Securities Corp lifted its holdings in Direxion Daily S&P 500 Bear 3X Shares by 145.2% during the 4th quarter. PayPay Securities Corp now owns 3,008 shares of the company’s stock valued at $107,000 after buying an additional 1,781 shares in the last quarter. BTG Pactual Asset Management US LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter worth about $220,000. XTX Topco Ltd purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth approximately $348,000. Corient Private Wealth LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth approximately $359,000. Finally, Squarepoint Ops LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter valued at approximately $421,000.
Direxion Daily S&P 500 Bear 3X Shares Trading Up 0.4%
Shares of NYSEARCA SPXS opened at $26.54 on Thursday. The stock has a 50 day moving average price of $26.88 and a 200 day moving average price of $32.11. Direxion Daily S&P 500 Bear 3X Shares has a 52-week low of $25.53 and a 52-week high of $47.20.
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.
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Want to see what other hedge funds are holding SPXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Free Report).
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