Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Get Free Report) saw unusually large options trading on Tuesday. Traders purchased 42,671 call options on the stock. This represents an increase of 66% compared to the average volume of 25,671 call options.
Direxion Daily S&P 500 Bear 3X Shares Stock Performance
NYSEARCA:SPXS opened at $6.18 on Thursday. Direxion Daily S&P 500 Bear 3X Shares has a 12-month low of $5.67 and a 12-month high of $12.03. The business has a 50 day simple moving average of $6.06 and a 200 day simple moving average of $6.88.
Institutional Investors Weigh In On Direxion Daily S&P 500 Bear 3X Shares
A number of institutional investors and hedge funds have recently bought and sold shares of SPXS. Renaissance Technologies LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter worth approximately $655,000. Lazari Capital Management Inc. raised its holdings in shares of Direxion Daily S&P 500 Bear 3X Shares by 342.8% during the 2nd quarter. Lazari Capital Management Inc. now owns 49,150 shares of the company’s stock valued at $386,000 after purchasing an additional 38,050 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter valued at $281,000. XTX Topco Ltd bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter valued at $101,000. Finally, Embree Financial Group acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter valued at $99,000.
Direxion Daily S&P 500 Bear 3X Shares 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.
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