Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Stock Price Up 2.3% – What’s Next?

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)’s share price traded up 2.3% on Monday . The company traded as high as $26.42 and last traded at $26.29. Approximately 11,378,300 shares traded hands during trading, a decline of 18% from the average session volume of 13,920,777 shares. The stock had previously closed at $25.70.

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

The business has a 50 day moving average of $27.04 and a 200 day moving average of $32.45.

Institutional Trading of Direxion Daily S&P 500 Bear 3X Shares

Several hedge funds have recently modified their holdings of SPXS. JPMorgan Chase & Co. purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the second quarter valued at $119,000. Jump Financial LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter valued at $1,537,000. Tower Research Capital LLC TRC lifted 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 buying an additional 68,566 shares during the last quarter. Group One Trading LLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the third quarter worth $310,000. Finally, BTG Pactual Asset Management US LLC purchased a new position in Direxion Daily S&P 500 Bear 3X Shares during the third quarter worth $220,000.

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.