Lido Advisors LLC trimmed its position in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) by 22.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,273 shares of the company’s stock after selling 6,257 shares during the period. Lido Advisors LLC owned 0.14% of Direxion Daily S&P 500 Bear 3X Shares worth $657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPXS. Annex Advisory Services LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter worth about $214,000. Highland Capital Management LP acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter worth about $1,071,000. Virtu Financial LLC grew its position in Direxion Daily S&P 500 Bear 3X Shares by 75.6% during the 4th quarter. Virtu Financial LLC now owns 164,486 shares of the company’s stock worth $5,065,000 after purchasing an additional 70,793 shares during the period. Simplex Trading LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth about $677,000. Finally, David R. Rahn & Associates Inc. acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth about $4,288,000.

Shares of SPXS opened at $21.22 on Friday. Direxion Daily S&P 500 Bear 3X Shares has a fifty-two week low of $20.83 and a fifty-two week high of $38.49.

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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.

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Institutional Ownership by Quarter for Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

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