Direxion Daily S&P 500 Bear 3X Shares Sees Unusually High Options Volume (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) was the recipient of some unusual options trading on Wednesday. Investors purchased 51,863 call options on the stock. This represents an increase of 28% compared to the typical volume of 40,503 call options.

Direxion Daily S&P 500 Bear 3X Shares Stock Down 4.8 %

SPXS opened at $7.27 on Thursday. Direxion Daily S&P 500 Bear 3X Shares has a twelve month low of $5.55 and a twelve month high of $10.67. The company has a fifty day simple moving average of $7.11 and a 200 day simple moving average of $6.44.

Institutional Trading of Direxion Daily S&P 500 Bear 3X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the business. PayPay Securities Corp boosted its holdings in Direxion Daily S&P 500 Bear 3X Shares by 128.3% in the fourth quarter. PayPay Securities Corp now owns 7,158 shares of the company’s stock valued at $45,000 after purchasing an additional 4,023 shares during the last quarter. JFS Wealth Advisors LLC raised its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 28.0% in the 1st quarter. JFS Wealth Advisors LLC now owns 6,400 shares of the company’s stock valued at $46,000 after purchasing an additional 1,400 shares in the last quarter. Rathbones Group PLC purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter valued at approximately $98,000. Gimbal Financial acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth approximately $110,000. Finally, XTX Topco Ltd grew its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 21.7% during the fourth quarter. XTX Topco Ltd now owns 18,499 shares of the company’s stock worth $116,000 after buying an additional 3,298 shares in the last quarter.

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.