Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Stock Price Down 5.1%

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Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXSGet Rating)’s stock price fell 5.1% during trading on Friday . The company traded as low as $25.04 and last traded at $25.15. 674,241 shares changed hands during mid-day trading, a decline of 97% from the average session volume of 22,312,164 shares. The stock had previously closed at $26.50.

Direxion Daily S&P 500 Bear 3X Shares Price Performance

The stock’s 50-day moving average price is $24.90 and its 200 day moving average price is $21.31.

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

Institutional investors have recently modified their holdings of the company. Total Clarity Wealth Management Inc. bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth $98,000. Silverleafe Capital Partners LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the first quarter worth $1,130,000. Avaii Wealth Management LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the first quarter worth $558,000. Virtu Financial LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth $2,692,000. Finally, Claraphi Advisory Network LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the first quarter worth $405,000.

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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