Direxion Daily S&P 500 Bear 3X ETF (NYSEARCA:SPXS – Get Free Report)’s share price passed above its 50-day moving average during trading on Friday. The stock has a 50-day moving average of $24.51 and traded as high as $26.14. Direxion Daily S&P 500 Bear 3X ETF shares last traded at $25.63, with a volume of 15,979,723 shares traded.
Direxion Daily S&P 500 Bear 3X ETF Stock Performance
The company has a 50 day simple moving average of $24.51 and a 200 day simple moving average of $29.43.
Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 3X ETF
Several large investors have recently bought and sold shares of SPXS. IMC Chicago LLC lifted its holdings in shares of Direxion Daily S&P 500 Bear 3X ETF by 323.0% during the 1st quarter. IMC Chicago LLC now owns 1,069,475 shares of the company’s stock valued at $43,303,000 after buying an additional 816,668 shares during the last quarter. Hamilton Wealth LLC bought a new stake in Direxion Daily S&P 500 Bear 3X ETF during the 1st quarter worth approximately $19,108,000. Group One Trading LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X ETF in the 1st quarter valued at about $2,172,000. Corient Private Wealth LLC acquired a new position in Direxion Daily S&P 500 Bear 3X ETF during the 4th quarter worth $359,000. Finally, Simplicity Wealth LLC boosted its holdings in Direxion Daily S&P 500 Bear 3X ETF by 52.1% in the third quarter. Simplicity Wealth LLC now owns 11,639 shares of the company’s stock valued at $288,000 after acquiring an additional 3,989 shares during the last quarter.
About Direxion Daily S&P 500 Bear 3X ETF
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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