Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $9.81, but opened at $9.45. Direxion Daily S&P 500 Bear 3X Shares shares last traded at $9.55, with a volume of 13,335,024 shares.
Direxion Daily S&P 500 Bear 3X Shares Price Performance
The business’s 50-day moving average is $9.40 and its two-hundred day moving average is $11.46.
Institutional Trading of Direxion Daily S&P 500 Bear 3X Shares
Several hedge funds have recently made changes to their positions in the company. Castleview Partners LLC increased its stake in shares of 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 worth $197,000 after acquiring an additional 2,500 shares during the period. PayPay Securities Corp increased its position in Direxion Daily S&P 500 Bear 3X Shares by 96.7% during the 3rd quarter. PayPay Securities Corp now owns 9,399 shares of the company’s stock worth $148,000 after purchasing an additional 4,620 shares during the period. CPR Investments Inc. raised its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 17.8% during the 3rd quarter. CPR Investments Inc. now owns 58,745 shares of the company’s stock worth $927,000 after buying an additional 8,884 shares in the last quarter. Cruiser Capital Advisors LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at approximately $116,000. Finally, CWA Asset Management Group LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the third quarter valued at approximately $166,000.
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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