Traders Buy High Volume of Call Options on Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) saw unusually large options trading activity on Monday. Investors purchased 54,428 call options on the company. This represents an increase of 112% compared to the average volume of 25,701 call options.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Bank of Montreal Can increased its holdings in shares of Direxion Daily S&P 500 Bear 3X Shares by 1,313.6% in the first quarter. Bank of Montreal Can now owns 1,145 shares of the company’s stock worth $25,000 after acquiring an additional 1,064 shares in the last quarter. Captrust Financial Advisors acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth about $44,000. Citigroup Inc. bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at about $53,000. Osaic Holdings Inc. increased its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 25.7% in the second quarter. Osaic Holdings Inc. now owns 4,671 shares of the company’s stock valued at $65,000 after acquiring an additional 955 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the first quarter valued at about $89,000.

Direxion Daily S&P 500 Bear 3X Shares Trading Up 3.8 %

Direxion Daily S&P 500 Bear 3X Shares stock opened at $9.78 on Tuesday. Direxion Daily S&P 500 Bear 3X Shares has a 12-month low of $8.65 and a 12-month high of $18.62. The business’s 50-day simple moving average is $9.46 and its 200 day simple moving average is $11.99.

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.