Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Stock Price Down 2.3%

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)’s share price dropped 2.3% during mid-day trading on Tuesday . The stock traded as low as $9.85 and last traded at $9.87. Approximately 5,659,134 shares changed hands during mid-day trading, a decline of 79% from the average daily volume of 27,439,699 shares. The stock had previously closed at $10.10.

Direxion Daily S&P 500 Bear 3X Shares Price Performance

The company’s fifty day simple moving average is $9.43 and its 200-day simple moving average is $11.72.

Institutional Investors Weigh In On Direxion Daily S&P 500 Bear 3X Shares

Institutional investors and hedge funds have recently bought and sold shares of the business. Cruiser Capital Advisors LLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at $116,000. Rathbones Group PLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at $139,000. PayPay Securities Corp increased its holdings in Direxion Daily S&P 500 Bear 3X Shares by 96.7% in the 3rd quarter. PayPay Securities Corp now owns 9,399 shares of the company’s stock valued at $148,000 after buying an additional 4,620 shares during the period. CWA Asset Management Group LLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter valued at $166,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at $173,000.

About Direxion Daily S&P 500 Bear 3X Shares

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.