Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Get Free Report) was the target of unusually large options trading activity on Friday. Traders purchased 35,035 call options on the stock. This is an increase of 52% compared to the average daily volume of 23,114 call options.
Direxion Daily S&P 500 Bear 3X Shares Trading Up 4.6 %
SPXS stock traded up $0.35 on Friday, reaching $8.03. 51,740,363 shares of the company were exchanged, compared to its average volume of 33,139,742. Direxion Daily S&P 500 Bear 3X Shares has a 12 month low of $7.05 and a 12 month high of $18.09. The stock’s fifty day moving average price is $7.68 and its 200 day moving average price is $8.56.
Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 3X Shares
A number of hedge funds have recently modified their holdings of SPXS. Cruiser Capital Advisors LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at $116,000. Lazari Capital Management Inc. bought a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth about $97,000. Rathbones Group PLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at about $139,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter worth about $173,000. Finally, QCM Cayman Ltd. acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the first quarter worth approximately $153,000.
Direxion Daily S&P 500 Bear 3X Shares Company 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.
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