Direxion Daily S&P 500 Bear 3X Shares Sees Unusually Large Options Volume (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) was the recipient of unusually large options trading on Monday. Stock investors purchased 20,389 call options on the company. This is an increase of 70% compared to the average volume of 11,986 call options.

Direxion Daily S&P 500 Bear 3X Shares Trading Down 5.2%

Shares of Direxion Daily S&P 500 Bear 3X Shares stock opened at $26.00 on Tuesday. Direxion Daily S&P 500 Bear 3X Shares has a one year low of $25.53 and a one year high of $53.80. The business’s 50 day moving average price is $29.69 and its 200 day moving average price is $33.75.

Institutional Investors Weigh In On Direxion Daily S&P 500 Bear 3X Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SPXS. IMC Chicago LLC raised its position in Direxion Daily S&P 500 Bear 3X Shares by 323.0% in the first quarter. IMC Chicago LLC now owns 1,069,475 shares of the company’s stock valued at $43,303,000 after purchasing an additional 816,668 shares during the period. Hamilton Wealth LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares in the first quarter valued at $19,108,000. Jump Financial LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares in the second quarter valued at $1,537,000. Tower Research Capital LLC TRC raised 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 purchasing an additional 68,566 shares during the period. Finally, Group One Trading LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares in the first quarter valued at $2,172,000.

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.