Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Stock Price Down 4.9% – Here’s Why

Posted by Trevor Kearing on Jun 13th, 2026

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Get Free Report)’s stock price dropped 4.9% on Thursday . The stock traded as low as $27.57 and last traded at $27.87. Approximately 27,409,056 shares changed hands during mid-day trading, an increase of 88% from the average daily volume of 14,549,145 shares. The stock had previously closed at $29.31.

Direxion Daily S&P 500 Bear 3X Shares Stock Down 1.6%

The firm’s 50 day moving average is $29.96 and its two-hundred day moving average is $33.85.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Royal Bank of Canada bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the first quarter valued at $81,000. PayPay Securities Corp grew its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 145.2% in the fourth 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. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the second quarter valued at $119,000. Guardian Partners Inc. bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the first quarter valued at $203,000. Finally, BTG Pactual Asset Management US LLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the third quarter valued at $220,000.

About Direxion Daily S&P 500 Bear 3X Shares

(Get Free Report)

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.