Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Shares Gap Up to $23.12

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Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXSGet Rating)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $23.12, but opened at $23.65. Direxion Daily S&P 500 Bear 3X Shares shares last traded at $24.10, with a volume of 483,938 shares.

Direxion Daily S&P 500 Bear 3X Shares Trading Up 2.4 %

The stock’s 50-day moving average is $21.54 and its two-hundred day moving average is $21.94.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 3X Shares

Hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth approximately $706,000. Silverleafe Capital Partners LLC purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at approximately $1,130,000. Avaii Wealth Management LLC purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at approximately $558,000. Virtu Financial LLC purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at approximately $2,692,000. Finally, IMC Chicago LLC boosted its position in Direxion Daily S&P 500 Bear 3X Shares by 377.3% in the 2nd quarter. IMC Chicago LLC now owns 1,190,175 shares of the company’s stock valued at $31,730,000 after buying an additional 940,839 shares during the period.

Direxion Daily S&P 500 Bear 3X Shares Company Profile

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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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