Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) Hits New 52-Week High – Here’s What Happened

Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) shares reached a new 52-week high on Thursday . The stock traded as high as $218.00 and last traded at $211.95, with a volume of 206368 shares traded. The stock had previously closed at $200.41.

Direxion Daily S&P Biotech Bull 3x Shares Stock Performance

The firm’s 50 day moving average is $182.61 and its two-hundred day moving average is $170.70.

Institutional Investors Weigh In On Direxion Daily S&P Biotech Bull 3x Shares

Institutional investors and hedge funds have recently bought and sold shares of the business. Covestor Ltd acquired a new stake in Direxion Daily S&P Biotech Bull 3x Shares during the fourth quarter worth about $71,000. Qube Research & Technologies Ltd bought a new position in Direxion Daily S&P Biotech Bull 3x Shares in the 2nd quarter worth about $26,000. Halbert Hargrove Global Advisors LLC bought a new position in Direxion Daily S&P Biotech Bull 3x Shares in the 1st quarter worth about $166,000. Headlands Technologies LLC bought a new position in Direxion Daily S&P Biotech Bull 3x Shares in the 2nd quarter worth about $69,000. Finally, Bank of America Corp DE grew its position in Direxion Daily S&P Biotech Bull 3x Shares by 134.2% in the 3rd quarter. Bank of America Corp DE now owns 2,476 shares of the company’s stock worth $232,000 after purchasing an additional 1,419 shares during the last quarter.

Direxion Daily S&P Biotech Bull 3x Shares Company Profile

The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion.