Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Get Free Report) was the recipient of some unusual options trading activity on Monday. Stock investors bought 31,916 call options on the company. This is an increase of 33% compared to the typical daily volume of 24,070 call options.
Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 3X Shares
Several institutional investors and hedge funds have recently modified their holdings of SPXS. Lazari Capital Management Inc. acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares during the first quarter worth about $97,000. Cruiser Capital Advisors LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at about $116,000. Rathbones Group PLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth approximately $139,000. QCM Cayman Ltd. purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter worth approximately $153,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at approximately $173,000.
Direxion Daily S&P 500 Bear 3X Shares Price Performance
SPXS stock traded up $0.69 on Monday, reaching $9.11. The company had a trading volume of 100,564,205 shares, compared to its average volume of 31,520,719. The company’s fifty day moving average is $7.92 and its 200 day moving average is $9.02. Direxion Daily S&P 500 Bear 3X Shares has a 1 year low of $7.05 and a 1 year high of $18.09.
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.
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