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) saw unusually large options trading on Monday. Stock investors purchased 20,389 call options on the company. This represents an increase of 70% compared to the average daily volume of 11,986 call options.

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

Several large investors have recently modified their holdings of the stock. IMC Chicago LLC grew its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 323.0% during the 1st 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 during the period. Hamilton Wealth LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth approximately $19,108,000. Jump Financial LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter worth approximately $1,537,000. Tower Research Capital LLC TRC grew its position 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 buying an additional 68,566 shares during the period. Finally, Group One Trading LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth approximately $2,172,000.

Direxion Daily S&P 500 Bear 3X Shares Trading Down 5.2%

SPXS stock traded down $1.43 during mid-day trading on Monday, reaching $26.00. The company’s stock had a trading volume of 7,856,421 shares, compared to its average volume of 14,532,098. The business’s 50 day moving average price is $29.96 and its 200 day moving average price is $33.83. Direxion Daily S&P 500 Bear 3X Shares has a 12 month low of $25.53 and a 12 month high of $53.80.

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. 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.