Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Stock Price Down 0.5% – Here’s Why

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) shares traded down 0.5% during trading on Monday . The company traded as low as $35.00 and last traded at $35.36. 4,134,212 shares changed hands during mid-day trading, a decline of 36% from the average session volume of 6,418,350 shares. The stock had previously closed at $35.55.

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

The business has a 50-day simple moving average of $38.77 and a 200 day simple moving average of $47.19.

Institutional Trading of Direxion Daily S&P 500 Bear 3X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. CPR Investments Inc. purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the second quarter worth about $83,000. AFG Fiduciary Services Limited Partnership bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the second quarter valued at approximately $61,000. Signaturefd LLC lifted its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 97.5% in the 2nd quarter. Signaturefd LLC now owns 150,000 shares of the company’s stock valued at $704,000 after purchasing an additional 74,056 shares during the last quarter. SBI Securities Co. Ltd. lifted its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 24.2% in the 1st quarter. SBI Securities Co. Ltd. now owns 249,829 shares of the company’s stock valued at $1,779,000 after purchasing an additional 48,655 shares during the last quarter. Finally, Belvedere Trading LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at approximately $307,000.

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.