IMC Chicago LLC Takes Position in Direxion Daily S&P Biotech Bull 3x Shares $LABU

IMC Chicago LLC bought a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 40,660 shares of the company’s stock, valued at approximately $3,806,000. IMC Chicago LLC owned about 0.63% of Direxion Daily S&P Biotech Bull 3x Shares at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in LABU. Squarepoint Ops LLC lifted its position in Direxion Daily S&P Biotech Bull 3x Shares by 33.2% during the 2nd quarter. Squarepoint Ops LLC now owns 161,146 shares of the company’s stock worth $9,171,000 after buying an additional 40,157 shares in the last quarter. Ethos Financial Group LLC increased its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 33.5% in the second quarter. Ethos Financial Group LLC now owns 9,055 shares of the company’s stock valued at $515,000 after acquiring an additional 2,270 shares during the last quarter. RBF Capital LLC bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares during the second quarter worth about $378,000. McGuire Investment Group LLC boosted its position in Direxion Daily S&P Biotech Bull 3x Shares by 30.2% during the third quarter. McGuire Investment Group LLC now owns 6,547 shares of the company’s stock valued at $613,000 after purchasing an additional 1,519 shares during the last quarter. Finally, Allworth Financial LP boosted its position in Direxion Daily S&P Biotech Bull 3x Shares by 1,777.8% during the second quarter. Allworth Financial LP now owns 4,225 shares of the company’s stock valued at $240,000 after purchasing an additional 4,000 shares during the last quarter.

Direxion Daily S&P Biotech Bull 3x Shares Stock Down 10.9%

NYSEARCA:LABU opened at $149.04 on Friday. Direxion Daily S&P Biotech Bull 3x Shares has a twelve month low of $32.55 and a twelve month high of $198.18. The stock’s 50 day moving average price is $166.88 and its two-hundred day moving average price is $120.20.

About Direxion Daily S&P Biotech Bull 3x Shares

The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion.