Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Stock Price Down 0.2% – Time to Sell?

Shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) fell 0.2% during trading on Wednesday . The stock traded as low as $5.90 and last traded at $5.96. 60,307,149 shares traded hands during mid-day trading, an increase of 69% from the average session volume of 35,657,477 shares. The stock had previously closed at $5.97.

Direxion Daily S&P 500 Bear 3X Shares Stock Up 2.0 %

The business’s fifty day moving average price is $6.72 and its two-hundred day moving average price is $7.63.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Lazari Capital Management Inc. purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the first quarter valued at about $97,000. Embree Financial Group purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter worth approximately $99,000. Headlands Technologies LLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter worth approximately $281,000. Renaissance Technologies LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares during the second quarter valued at approximately $655,000. Finally, Park Edge Advisors LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares in the second quarter valued at approximately $1,184,000.

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.