Direxion Daily S&P Biotech Bull 3X Shares (NYSEARCA:LABU)’s share price dropped 2.9% on Monday . The company traded as low as $110.57 and last traded at $116.09. Approximately 677,270 shares changed hands during trading, a decline of 32% from the average daily volume of 1,002,220 shares. The stock had previously closed at $119.51.

The stock’s fifty day moving average is $105.18 and its two-hundred day moving average is $71.04.

Institutional investors have recently bought and sold shares of the stock. UBS Group AG bought a new stake in Direxion Daily S&P Biotech Bull 3X Shares during the 2nd quarter worth approximately $49,000. X Square Capital LLC bought a new stake in Direxion Daily S&P Biotech Bull 3X Shares during the 3rd quarter worth approximately $222,000. Finally, Morgan Stanley increased its holdings in Direxion Daily S&P Biotech Bull 3X Shares by 6.4% during the 3rd quarter. Morgan Stanley now owns 16,695 shares of the company’s stock worth $894,000 after acquiring an additional 1,007 shares during the period.

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