Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Stake Lessened by Simplex Trading LLC

Simplex Trading LLC lessened its stake in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) by 73.9% in the fourth quarter, Holdings Channel reports. The institutional investor owned 48,789 shares of the company’s stock after selling 137,979 shares during the quarter. Simplex Trading LLC’s holdings in Direxion Daily S&P 500 Bear 3X Shares were worth $563,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPXS. Castleview Partners LLC increased its stake in Direxion Daily S&P 500 Bear 3X Shares by 25.0% during the third quarter. Castleview Partners LLC now owns 12,500 shares of the company’s stock valued at $197,000 after purchasing an additional 2,500 shares during the last quarter. QCM Cayman Ltd. bought a new stake in Direxion Daily S&P 500 Bear 3X Shares during the third quarter valued at $222,000. PayPay Securities Corp increased its stake in Direxion Daily S&P 500 Bear 3X Shares by 96.7% during the third quarter. PayPay Securities Corp now owns 9,399 shares of the company’s stock valued at $148,000 after purchasing an additional 4,620 shares during the last quarter. Larson Financial Group LLC increased its stake in Direxion Daily S&P 500 Bear 3X Shares by 641.7% during the third quarter. Larson Financial Group LLC now owns 24,357 shares of the company’s stock valued at $384,000 after purchasing an additional 21,073 shares during the last quarter. Finally, Signaturefd LLC increased its stake in Direxion Daily S&P 500 Bear 3X Shares by 112.1% during the third quarter. Signaturefd LLC now owns 104,997 shares of the company’s stock valued at $1,657,000 after purchasing an additional 55,500 shares during the last quarter.

Direxion Daily S&P 500 Bear 3X Shares Trading Down 3.6 %

SPXS stock opened at $9.46 on Friday. Direxion Daily S&P 500 Bear 3X Shares has a 1-year low of $8.65 and a 1-year high of $18.62. The firm has a fifty day moving average price of $9.40 and a two-hundred day moving average price of $11.52.

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

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.