Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $131.05, but opened at $125.50. Direxion Daily S&P Biotech Bull 3x Shares shares last traded at $116.0320, with a volume of 663,905 shares trading hands.
Direxion Daily S&P Biotech Bull 3x Shares Stock Performance
The stock has a 50 day moving average of $95.44 and a 200-day moving average of $71.56.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in LABU. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily S&P Biotech Bull 3x Shares by 10.9% during the 1st quarter. SBI Securities Co. Ltd. now owns 3,003 shares of the company’s stock valued at $183,000 after acquiring an additional 295 shares during the period. XTX Topco Ltd bought a new position in Direxion Daily S&P Biotech Bull 3x Shares in the 1st quarter worth approximately $313,000. Ethos Financial Group LLC bought a new position in Direxion Daily S&P Biotech Bull 3x Shares in the 1st quarter worth approximately $414,000. McGuire Investment Group LLC boosted its stake in Direxion Daily S&P Biotech Bull 3x Shares by 27.4% in the 2nd quarter. McGuire Investment Group LLC now owns 5,028 shares of the company’s stock worth $286,000 after purchasing an additional 1,080 shares during the period. Finally, Spire Wealth Management boosted its stake in Direxion Daily S&P Biotech Bull 3x Shares by 46.3% in the 2nd quarter. Spire Wealth Management now owns 1,106 shares of the company’s stock worth $63,000 after purchasing an additional 350 shares during the period.
Direxion Daily S&P Biotech Bull 3x Shares Company Profile
The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion.
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