Investors Purchase Large Volume of Direxion Daily S&P 500 Bear 3X Shares Call Options (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXSGet Rating) was the recipient of unusually large options trading activity on Thursday. Stock investors bought 39,210 call options on the stock. This represents an increase of 63% compared to the average volume of 24,081 call options.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 3X Shares

Institutional investors have recently bought and sold shares of the stock. Bank of Montreal Can grew its stake in Direxion Daily S&P 500 Bear 3X Shares by 1,313.6% during the 1st quarter. Bank of Montreal Can now owns 1,145 shares of the company’s stock valued at $25,000 after acquiring an additional 1,064 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at approximately $44,000. Citigroup Inc. bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at approximately $53,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 75.4% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 2,326 shares of the company’s stock valued at $62,000 after buying an additional 1,000 shares in the last quarter. Finally, JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at approximately $89,000.

Direxion Daily S&P 500 Bear 3X Shares Trading Down 7.7 %

Shares of Direxion Daily S&P 500 Bear 3X Shares stock opened at $27.04 on Friday. The company’s 50-day moving average price is $23.00 and its two-hundred day moving average price is $22.81. Direxion Daily S&P 500 Bear 3X Shares has a 52 week low of $15.87 and a 52 week high of $31.42.

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

(Get Rating)

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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