Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Short Interest Update

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) saw a large decrease in short interest in December. As of December 31st, there was short interest totaling 856,840 shares, a decrease of 34.2% from the December 15th total of 1,301,508 shares. Approximately 9.7% of the company’s stock are sold short. Based on an average daily trading volume, of 5,681,935 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily trading volume, of 5,681,935 shares, the days-to-cover ratio is currently 0.2 days. Approximately 9.7% of the company’s stock are sold short.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 3X Shares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jump Financial LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at $1,537,000. Signaturefd LLC raised its stake in Direxion Daily S&P 500 Bear 3X Shares by 97.5% during the 2nd quarter. Signaturefd LLC now owns 150,000 shares of the company’s stock worth $704,000 after acquiring an additional 74,056 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in Direxion Daily S&P 500 Bear 3X Shares by 174.4% in the second quarter. Tower Research Capital LLC TRC now owns 107,891 shares of the company’s stock valued at $506,000 after acquiring an additional 68,566 shares during the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the third quarter valued at $1,790,000. Finally, Poehling Capital Management INC. acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the second quarter valued at $155,000.

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

Shares of NYSEARCA:SPXS traded up $0.15 during trading on Friday, hitting $34.22. The company’s stock had a trading volume of 7,266,971 shares, compared to its average volume of 7,046,253. Direxion Daily S&P 500 Bear 3X Shares has a fifty-two week low of $33.47 and a fifty-two week high of $106.70. The business has a 50 day moving average price of $35.68 and a two-hundred day moving average price of $39.11.

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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.