IMC Chicago LLC Acquires 816,668 Shares of Direxion Daily S&P 500 Bear 3X Shares $SPXS

IMC Chicago LLC raised its holdings in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) by 323.0% during the first quarter, HoldingsChannel.com reports. The fund owned 1,069,475 shares of the company’s stock after purchasing an additional 816,668 shares during the period. IMC Chicago LLC owned approximately 0.08% of Direxion Daily S&P 500 Bear 3X Shares worth $43,303,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of SPXS. Jump Financial LLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the second quarter worth about $1,537,000. Tower Research Capital LLC TRC increased its position in 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 purchasing an additional 68,566 shares in the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter worth approximately $1,790,000. Daytona Street Capital LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at approximately $1,376,000. Finally, Quadrature Capital Ltd bought a new position in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at approximately $1,063,000.

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

Shares of Direxion Daily S&P 500 Bear 3X Shares stock opened at $25.73 on Thursday. Direxion Daily S&P 500 Bear 3X Shares has a fifty-two week low of $25.53 and a fifty-two week high of $47.20. The company’s 50 day moving average price is $26.99 and its two-hundred day moving average price is $32.40.

Direxion Daily S&P 500 Bear 3X Shares 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.