Daytona Street Capital LLC Makes New $1.38 Million Investment in Direxion Daily S&P 500 Bear 3X Shares $SPXS

Daytona Street Capital LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 38,800 shares of the company’s stock, valued at approximately $1,376,000. Daytona Street Capital LLC owned approximately 0.42% of Direxion Daily S&P 500 Bear 3X Shares at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter worth $1,790,000. BTG Pactual Asset Management US LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter valued at about $220,000. Group One Trading LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter valued at about $310,000. Kiker Wealth Management LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter valued at about $228,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Direxion Daily S&P 500 Bear 3X Shares by 12,458.3% in the 3rd quarter. Global Retirement Partners LLC now owns 6,028 shares of the company’s stock valued at $229,000 after buying an additional 5,980 shares during the period.

Direxion Daily S&P 500 Bear 3X Shares Stock Down 1.3%

NYSEARCA SPXS opened at $38.96 on Tuesday. Direxion Daily S&P 500 Bear 3X Shares has a one year low of $33.29 and a one year high of $106.70. The company has a 50-day simple moving average of $36.92 and a 200-day simple moving average of $36.52.

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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.