Ethos Financial Group LLC Reduces Stock Position in Direxion Daily S&P Biotech Bull 3x Shares $LABU

Ethos Financial Group LLC decreased its stake in shares of Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) by 55.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,915 shares of the company’s stock after selling 4,957 shares during the quarter. Ethos Financial Group LLC owned approximately 0.10% of Direxion Daily S&P Biotech Bull 3x Shares worth $624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. lifted its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 68.7% during the 3rd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the company’s stock valued at $47,000 after buying an additional 206 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 2nd quarter valued at about $26,000. Headlands Technologies LLC bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 2nd quarter valued at about $69,000. Bank of America Corp DE raised its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares by 134.2% in the 3rd quarter. Bank of America Corp DE now owns 2,476 shares of the company’s stock valued at $232,000 after purchasing an additional 1,419 shares in the last quarter. Finally, McGuire Investment Group LLC raised its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares by 30.2% in the 3rd 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 in the last quarter.

Direxion Daily S&P Biotech Bull 3x Shares Stock Performance

NYSEARCA:LABU opened at $170.45 on Tuesday. Direxion Daily S&P Biotech Bull 3x Shares has a one year low of $32.55 and a one year high of $198.18. The firm has a 50-day simple moving average of $162.56 and a 200-day simple moving average of $147.90.

Direxion Daily S&P Biotech Bull 3x Shares Profile

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.