Short Interest in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Decreases By 35.6%

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) saw a significant decrease in short interest in July. As of July 15th, there was short interest totaling 1,881,444 shares, a decrease of 35.6% from the June 30th total of 2,921,001 shares. Based on an average trading volume of 9,433,349 shares, the days-to-cover ratio is presently 0.2 days. Approximately 15.6% of the company’s shares are short sold.

Direxion Daily S&P 500 Bear 3X Shares Trading Down 2.2%

Shares of NYSEARCA:SPXS traded down $0.61 during midday trading on Friday, reaching $26.52. 15,135,293 shares of the company were exchanged, compared to its average volume of 13,585,410. Direxion Daily S&P 500 Bear 3X Shares has a fifty-two week low of $25.53 and a fifty-two week high of $47.20. The stock has a fifty day simple moving average of $26.88 and a two-hundred day simple moving average of $31.82.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Daytona Street Capital LLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at approximately $1,376,000. IMC Chicago LLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth approximately $8,967,000. Group One Trading LLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth approximately $2,172,000. Hamilton Wealth LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth approximately $19,108,000. Finally, Guardian Partners Inc. acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth approximately $203,000.

Direxion Daily S&P 500 Bear 3X Shares Company Profile

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.