Direxion Daily S&P 500 Bear 3X Shares Sees Unusually High Options Volume (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) was the recipient of unusually large options trading on Friday. Stock investors bought 7,901 call options on the stock. This is an increase of approximately 35% compared to the typical volume of 5,843 call options.

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

Shares of NYSEARCA SPXS traded up $1.39 during midday trading on Friday, reaching $43.02. 13,310,250 shares of the company were exchanged, compared to its average volume of 14,080,268. The stock’s 50-day moving average price is $36.06 and its 200-day moving average price is $36.54. Direxion Daily S&P 500 Bear 3X Shares has a one year low of $33.29 and a one year high of $106.70.

Institutional Investors Weigh In On Direxion Daily S&P 500 Bear 3X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the company. PayPay Securities Corp raised its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 145.2% during the fourth quarter. PayPay Securities Corp now owns 3,008 shares of the company’s stock worth $107,000 after acquiring an additional 1,781 shares during the last quarter. BTG Pactual Asset Management US LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter valued at approximately $220,000. Global Retirement Partners LLC raised its holdings in Direxion Daily S&P 500 Bear 3X Shares by 12,458.3% during the 3rd quarter. Global Retirement Partners LLC now owns 6,028 shares of the company’s stock worth $229,000 after purchasing an additional 5,980 shares during the last quarter. Kiker Wealth Management LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter worth approximately $228,000. Finally, Group One Trading LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter worth approximately $310,000.

About Direxion Daily S&P 500 Bear 3X Shares

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.