Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Trading 4.1% Higher

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Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXSGet Rating)’s stock price traded up 4.1% during trading on Friday . The stock traded as high as $23.31 and last traded at $23.28. 815,631 shares changed hands during trading, a decline of 96% from the average session volume of 22,140,021 shares. The stock had previously closed at $22.37.

Direxion Daily S&P 500 Bear 3X Shares Trading Up 2.8 %

The company has a 50 day simple moving average of $24.77 and a 200 day simple moving average of $21.56.

Institutional Investors Weigh In On Direxion Daily S&P 500 Bear 3X Shares

Several large investors have recently bought and sold shares of SPXS. Bank of Montreal Can boosted its holdings in shares of Direxion Daily S&P 500 Bear 3X Shares by 1,313.6% during the 1st quarter. Bank of Montreal Can now owns 1,145 shares of the company’s stock worth $25,000 after purchasing an additional 1,064 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth approximately $44,000. Citigroup Inc. acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth approximately $53,000. JFS Wealth Advisors LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth approximately $82,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth approximately $89,000.

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

(Get Rating)

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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