Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Shares Gap Down to $21.67

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Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXSGet Rating) gapped down prior to trading on Friday . The stock had previously closed at $21.67, but opened at $21.12. Direxion Daily S&P 500 Bear 3X Shares shares last traded at $21.17, with a volume of 148,846 shares trading hands.

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

The business’s 50-day moving average price is $21.82 and its two-hundred day moving average price is $21.88.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Whittier Trust Co. of Nevada Inc. increased its stake in Direxion Daily S&P 500 Bear 3X Shares by 75.4% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 2,326 shares of the company’s stock valued at $62,000 after acquiring an additional 1,000 shares during the last quarter. Bank of Montreal Can increased its stake in Direxion Daily S&P 500 Bear 3X Shares by 1,313.6% in the first quarter. Bank of Montreal Can now owns 1,145 shares of the company’s stock valued at $25,000 after acquiring an additional 1,064 shares during the last quarter. Flow Traders U.S. LLC grew its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 2.9% during the first quarter. Flow Traders U.S. LLC now owns 42,048 shares of the company’s stock worth $740,000 after buying an additional 1,202 shares during the last quarter. JFS Wealth Advisors LLC grew its stake 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 buying an additional 1,250 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the first quarter worth $44,000.

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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