Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Trading 3.5% Higher

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Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXSGet Rating)’s share price traded up 3.5% during trading on Monday . The stock traded as high as $25.22 and last traded at $25.21. 181,291 shares were traded during trading, a decline of 99% from the average session volume of 22,197,184 shares. The stock had previously closed at $24.35.

The firm has a 50 day moving average price of $24.62 and a 200 day moving average price of $21.10.

Several institutional investors have recently made changes to their positions in SPXS. Spire Wealth Management purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at about $58,000. Jackson Hole Capital Partners LLC purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at about $1,532,000. Total Clarity Wealth Management Inc. purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at about $98,000. JFS Wealth Advisors LLC purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at about $82,000. Finally, IMC Chicago LLC purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at about $1,594,000.

About Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

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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