Direxion Daily S&P 500 Bear 3X Shares Sees Unusually Large Options Volume (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) was the target of some unusual options trading activity on Thursday. Stock traders acquired 24,955 call options on the company. This represents an increase of 60% compared to the average daily volume of 15,617 call options.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SPXS. IMC Chicago LLC raised its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 323.0% in the first quarter. IMC Chicago LLC now owns 1,069,475 shares of the company’s stock worth $43,303,000 after buying an additional 816,668 shares in the last quarter. Hamilton Wealth LLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares during the first quarter valued at approximately $19,108,000. Jump Financial LLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter worth $1,537,000. Tower Research Capital LLC TRC lifted its holdings in shares of Direxion Daily S&P 500 Bear 3X Shares by 174.4% during the 2nd 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 during the last quarter. Finally, Group One Trading LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth $2,172,000.

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

Shares of Direxion Daily S&P 500 Bear 3X Shares stock traded up $0.16 during trading hours on Friday, reaching $23.72. The company had a trading volume of 5,964,755 shares, compared to its average volume of 13,407,230. Direxion Daily S&P 500 Bear 3X Shares has a one year low of $23.40 and a one year high of $44.83. The business has a fifty day simple moving average of $26.44 and a 200 day simple moving average of $31.06.

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.