Hellman Jordan Management Co. Inc. MA increased its stake in Direxion Daily S&P Biotech Bull 3X Shares (NYSEARCA:LABU) by 80.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 90,000 shares of the company’s stock after purchasing an additional 40,000 shares during the quarter. Direxion Daily S&P Biotech Bull 3X Shares makes up 16.7% of Hellman Jordan Management Co. Inc. MA’s investment portfolio, making the stock its largest holding. Hellman Jordan Management Co. Inc. MA owned approximately 1.40% of Direxion Daily S&P Biotech Bull 3X Shares worth $7,692,000 as of its most recent filing with the SEC.

Direxion Daily S&P Biotech Bull 3X Shares (LABU) traded up $0.97 on Friday, reaching $69.58. The company had a trading volume of 1,433,000 shares, compared to its average volume of 1,634,045. Direxion Daily S&P Biotech Bull 3X Shares has a 12-month low of $30.44 and a 12-month high of $92.56.

The firm also recently declared a special dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Thursday, December 14th will be issued a dividend of $0.1326 per share. The ex-dividend date is Wednesday, December 13th.

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