Stock Traders Buy Large Volume of Put Options on Direxion Daily S&P 500 Bear 3X ETF (NYSEARCA:SPXS)

Posted by Stacy Sanders on Sep 17th, 2026

Direxion Daily S&P 500 Bear 3X ETF (NYSEARCA:SPXS – Get Free Report) was the target of some unusual options trading on Thursday. Investors acquired 31,375 put options on the stock. This is an increase of 94% compared to the typical volume of 16,155 put options.

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

NYSEARCA:SPXS traded down $0.90 on Thursday, reaching $25.20. 10,906,196 shares of the company’s stock were exchanged, compared to its average volume of 13,233,409. The stock has a fifty day simple moving average of $25.37 and a 200-day simple moving average of $29.44. Direxion Daily S&P 500 Bear 3X ETF has a 52 week low of $23.40 and a 52 week high of $44.83.

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

A number of large investors have recently modified their holdings of the company. Royal Bank of Canada purchased a new stake in Direxion Daily S&P 500 Bear 3X ETF during the 1st quarter valued at $81,000. PayPay Securities Corp boosted its holdings in Direxion Daily S&P 500 Bear 3X ETF by 242.3% in the second quarter. PayPay Securities Corp now owns 4,836 shares of the company’s stock valued at $128,000 after acquiring an additional 3,423 shares in the last quarter. Guardian Partners Inc. purchased a new position in Direxion Daily S&P 500 Bear 3X ETF during the 1st quarter valued at $203,000. Corient Private Wealth LLC bought a new position in Direxion Daily S&P 500 Bear 3X ETF in the fourth quarter worth about $359,000. Finally, Group One Trading LLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X ETF in the 1st quarter worth approximately $2,172,000.

About Direxion Daily S&P 500 Bear 3X ETF

(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.