Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Trading 5.3% Higher

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)’s share price traded up 5.3% during trading on Wednesday . The stock traded as high as $19.00 and last traded at $18.72, 12,940,483 shares changed hands during mid-day trading. An increase of 84% from the average session volume of 7,026,502 shares. The stock had previously closed at $17.78.

The firm’s 50-day moving average is $17.92 and its 200 day moving average is $18.97.

The firm also recently disclosed a — dividend, which was paid on Tuesday, October 1st. Investors of record on Wednesday, September 25th were given a $0.0561 dividend. The ex-dividend date of this dividend was Tuesday, September 24th. This represents a dividend yield of 1.7%.

Several institutional investors have recently added to or reduced their stakes in SPXS. SG Americas Securities LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at about $105,000. DRW Securities LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at about $1,215,000. JPMorgan Chase & Co. raised its stake 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. Hartline Investment Corp acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at about $10,743,000. Finally, Lido Advisors LLC raised its stake in Direxion Daily S&P 500 Bear 3X Shares by 23.8% in the 2nd quarter. Lido Advisors LLC now owns 18,871 shares of the company’s stock valued at $348,000 after purchasing an additional 3,628 shares during the last quarter.

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