Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $170.74, but opened at $164.08. Direxion Daily S&P Biotech Bull 3x Shares shares last traded at $165.2680, with a volume of 83,975 shares traded.
Direxion Daily S&P Biotech Bull 3x Shares Stock Down 5.8%
The company has a fifty day simple moving average of $167.34 and a 200-day simple moving average of $127.15.
Hedge Funds Weigh In On Direxion Daily S&P Biotech Bull 3x Shares
A number of institutional investors have recently bought and sold shares of LABU. Ethos Financial Group LLC grew its position in Direxion Daily S&P Biotech Bull 3x Shares by 33.5% in the second quarter. Ethos Financial Group LLC now owns 9,055 shares of the company’s stock worth $515,000 after acquiring an additional 2,270 shares during the period. RBF Capital LLC purchased a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 2nd quarter worth $378,000. Allworth Financial LP increased its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 1,777.8% during the 2nd quarter. Allworth Financial LP now owns 4,225 shares of the company’s stock worth $240,000 after purchasing an additional 4,000 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 12.8% in the 2nd quarter. SBI Securities Co. Ltd. now owns 3,388 shares of the company’s stock valued at $193,000 after buying an additional 385 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 21.7% in the 2nd quarter. SG Americas Securities LLC now owns 3,561 shares of the company’s stock valued at $203,000 after buying an additional 635 shares during the period.
About Direxion Daily S&P Biotech Bull 3x Shares
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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