Patriot Investment Management Group Inc. Makes New Investment in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

Patriot Investment Management Group Inc. bought a new position in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 20,000 shares of the company’s stock, valued at approximately $126,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in SPXS. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the second quarter worth about $655,000. Lazari Capital Management Inc. raised its position in Direxion Daily S&P 500 Bear 3X Shares by 342.8% during the 2nd quarter. Lazari Capital Management Inc. now owns 49,150 shares of the company’s stock worth $386,000 after buying an additional 38,050 shares during the last quarter. AFG Fiduciary Services Limited Partnership purchased a new position in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth approximately $178,000. XTX Topco Ltd acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter valued at approximately $101,000. Finally, Embree Financial Group purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter valued at $99,000.

Direxion Daily S&P 500 Bear 3X Shares Stock Up 0.9 %

Direxion Daily S&P 500 Bear 3X Shares stock opened at $5.65 on Friday. Direxion Daily S&P 500 Bear 3X Shares has a 52 week low of $5.58 and a 52 week high of $11.14. The business’s 50-day moving average price is $6.01 and its 200 day moving average price is $6.76.

Direxion Daily S&P 500 Bear 3X Shares Profile

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.