40,100 Shares in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Bought by Integrated Wealth Concepts LLC

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Integrated Wealth Concepts LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXSGet Rating) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 40,100 shares of the company’s stock, valued at approximately $706,000. Integrated Wealth Concepts LLC owned about 0.20% of Direxion Daily S&P 500 Bear 3X Shares at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of Montreal Can boosted its position in Direxion Daily S&P 500 Bear 3X Shares by 1,313.6% in the 1st quarter. Bank of Montreal Can now owns 1,145 shares of the company’s stock valued at $25,000 after buying an additional 1,064 shares during the last quarter. Citigroup Inc. bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the first quarter worth about $53,000. JPMorgan Chase & Co. bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the first quarter worth about $89,000. JFS Wealth Advisors LLC lifted its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 25.0% during the first quarter. JFS Wealth Advisors LLC now owns 6,250 shares of the company’s stock worth $110,000 after purchasing an additional 1,250 shares during the last quarter. Finally, Avaii Wealth Management LLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the first quarter worth about $558,000.

Direxion Daily S&P 500 Bear 3X Shares Stock Up 3.2 %

Shares of SPXS stock opened at $23.08 on Monday. Direxion Daily S&P 500 Bear 3X Shares has a one year low of $15.87 and a one year high of $30.49. The company’s 50-day simple moving average is $22.29 and its 200-day simple moving average is $21.78.

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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