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 activity on Tuesday. Stock investors bought 47,271 call options on the stock. This represents an increase of 94% compared to the average volume of 24,305 call options.

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

NYSEARCA SPXS traded up $0.05 on Tuesday, hitting $5.86. 31,445,867 shares of the company were exchanged, compared to its average volume of 36,381,930. Direxion Daily S&P 500 Bear 3X Shares has a twelve month low of $5.67 and a twelve month high of $12.95. The company’s 50 day moving average price is $6.29 and its 200-day moving average price is $7.22.

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

Several hedge funds have recently made changes to their positions in the stock. Embree Financial Group bought a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter worth about $99,000. XTX Topco Ltd bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter valued at about $101,000. Headlands Technologies LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at about $281,000. Lazari Capital Management Inc. increased its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 342.8% in the 2nd quarter. Lazari Capital Management Inc. now owns 49,150 shares of the company’s stock valued at $386,000 after acquiring an additional 38,050 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at about $655,000.

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.