Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Sees Large Volume Increase

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXSGet Rating) shares saw strong trading volume on Monday . 572,420 shares were traded during mid-day trading, a decline of 97% from the previous session’s volume of 21,254,934 shares.The stock last traded at $23.89 and had previously closed at $23.68.

Direxion Daily S&P 500 Bear 3X Shares Stock Up 3.3 %

The company has a 50 day moving average of $21.46 and a 200 day moving average of $21.98.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SPXS. Bank of Montreal Can raised its stake in Direxion Daily S&P 500 Bear 3X Shares by 1,313.6% in the 1st quarter. Bank of Montreal Can now owns 1,145 shares of the company’s stock valued at $25,000 after purchasing an additional 1,064 shares during the last quarter. Captrust Financial Advisors purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at $44,000. Citigroup Inc. purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at $53,000. Whittier Trust Co. of Nevada Inc. grew its holdings in Direxion Daily S&P 500 Bear 3X Shares by 75.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,326 shares of the company’s stock valued at $62,000 after buying an additional 1,000 shares in the last quarter. Finally, JPMorgan Chase & Co. purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at $89,000.

Direxion Daily S&P 500 Bear 3X Shares Company Profile

(Get Rating)

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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