Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Shares Gap Up to $9.75

Shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) gapped up prior to trading on Thursday . The stock had previously closed at $9.75, but opened at $10.14. Direxion Daily S&P 500 Bear 3X Shares shares last traded at $10.10, with a volume of 11,131,642 shares changing hands.

Direxion Daily S&P 500 Bear 3X Shares Stock Down 2.7 %

The business’s 50 day simple moving average is $9.42 and its 200-day simple moving average is $11.67.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Simplex Trading LLC boosted its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 390.4% during the first quarter. Simplex Trading LLC now owns 239,273 shares of the company’s stock worth $2,088,000 after purchasing an additional 190,484 shares in the last quarter. B. Riley Wealth Advisors Inc. bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth $173,000. Cruiser Capital Advisors LLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth $116,000. Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 42,942.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 258,255 shares of the company’s stock worth $2,983,000 after purchasing an additional 257,655 shares in the last quarter. Finally, Rathbones Group PLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth $139,000.

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.