Avaii Wealth Management LLC Makes New Investment in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

Avaii Wealth Management LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) during the fourth quarter, Holdings Channel reports. The firm purchased 16,398 shares of the company’s stock, valued at approximately $189,000.

A number of other institutional investors have also modified their holdings of the company. XR Securities LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at about $735,000. CWA Asset Management Group LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter worth approximately $166,000. B. Riley Financial Inc. acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter worth approximately $14,202,000. CPR Investments Inc. boosted its stake in Direxion Daily S&P 500 Bear 3X Shares by 17.8% in the 3rd quarter. CPR Investments Inc. now owns 58,745 shares of the company’s stock worth $927,000 after purchasing an additional 8,884 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter worth approximately $665,000.

Direxion Daily S&P 500 Bear 3X Shares Trading Down 0.9 %

SPXS stock opened at $9.52 on Tuesday. The firm has a 50 day moving average of $9.41 and a 200 day moving average of $11.58. Direxion Daily S&P 500 Bear 3X Shares has a 52 week low of $8.65 and a 52 week high of $18.62.

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.