Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Trading 7.6% Higher

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)’s stock price traded up 7.6% on Friday . The stock traded as high as $20.01 and last traded at $19.75, 19,274,639 shares changed hands during trading. An increase of 176% from the average session volume of 6,983,996 shares. The stock had previously closed at $18.35.

The firm’s 50-day moving average price is $18.03 and its two-hundred day moving average price is $19.96.

Several large investors have recently modified their holdings of SPXS. Tuttle Tactical Management purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at $2,639,000. Simplex Trading LLC raised its position in Direxion Daily S&P 500 Bear 3X Shares by 191.8% in the 2nd quarter. Simplex Trading LLC now owns 78,979 shares of the company’s stock valued at $1,451,000 after purchasing an additional 51,909 shares during the last quarter. Morgan Stanley raised its position in Direxion Daily S&P 500 Bear 3X Shares by 240.5% in the 2nd quarter. Morgan Stanley now owns 134,520 shares of the company’s stock valued at $2,472,000 after purchasing an additional 95,014 shares during the last quarter. JPMorgan Chase & Co. raised its position in Direxion Daily S&P 500 Bear 3X Shares by 312.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 6,645 shares of the company’s stock valued at $124,000 after purchasing an additional 5,035 shares during the last quarter. Finally, IMC Chicago LLC raised its position in Direxion Daily S&P 500 Bear 3X Shares by 94.1% in the 2nd quarter. IMC Chicago LLC now owns 90,509 shares of the company’s stock valued at $1,664,000 after purchasing an additional 43,884 shares during the last quarter.



About Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

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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