Direxion Daily S&P 500 Bear 3X ETF (NYSEARCA:SPXS – Get Free Report) shares shot up 1.4% during mid-day trading on Thursday. The stock traded as high as $24.08 and last traded at $23.77. 13,164,062 shares traded hands during trading, a decline of 1% from the average daily volume of 13,277,793 shares. The stock had previously closed at $23.45.
Direxion Daily S&P 500 Bear 3X ETF Stock Performance
The business has a fifty day moving average of $24.48 and a 200 day moving average of $27.91.
Institutional Trading of Direxion Daily S&P 500 Bear 3X ETF
Several large investors have recently modified their holdings of SPXS. PayPay Securities Corp boosted its position 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 worth $128,000 after purchasing an additional 3,423 shares during the last quarter. Hamilton Wealth LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X ETF during the 1st quarter valued at about $6,369,000. Guardian Partners Inc. bought a new position in shares of Direxion Daily S&P 500 Bear 3X ETF in the 1st quarter worth approximately $203,000. Royal Bank of Canada bought a new position in shares of Direxion Daily S&P 500 Bear 3X ETF in the 1st quarter worth approximately $81,000. Finally, Group One Trading LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 3X ETF in the first quarter worth approximately $2,172,000.
Direxion Daily S&P 500 Bear 3X ETF Company Profile
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.
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