Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Short Interest Up 18.0% in April

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) saw a large growth in short interest during the month of April. As of April 15th, there was short interest totaling 1,840,833 shares, a growth of 18.0% from the March 31st total of 1,559,856 shares. Based on an average trading volume of 15,355,913 shares, the short-interest ratio is presently 0.1 days. Currently, 12.9% of the company’s stock are sold short.

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

SPXS opened at $29.80 on Friday. The company’s 50-day moving average is $36.16 and its 200 day moving average is $35.86. Direxion Daily S&P 500 Bear 3X Shares has a fifty-two week low of $29.28 and a fifty-two week high of $65.10.

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

Large investors have recently modified their holdings of the stock. PayPay Securities Corp boosted its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 145.2% during the 4th quarter. PayPay Securities Corp now owns 3,008 shares of the company’s stock valued at $107,000 after purchasing an additional 1,781 shares in the last quarter. JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter valued at about $119,000. BTG Pactual Asset Management US LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter valued at about $220,000. Kiker Wealth Management LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter valued at about $228,000. Finally, Global Retirement Partners LLC boosted its stake in Direxion Daily S&P 500 Bear 3X Shares by 12,458.3% during the third quarter. Global Retirement Partners LLC now owns 6,028 shares of the company’s stock worth $229,000 after acquiring an additional 5,980 shares in the last quarter.

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.