Direxion Daily S&P Biotech Bear 3x Shares Target of Unusually Large Options Trading (NYSEARCA:LABD)

Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD) saw some unusual options trading activity on Wednesday. Investors purchased 2,853 call options on the stock. This is an increase of 160% compared to the typical daily volume of 1,096 call options.

Institutional Trading of Direxion Daily S&P Biotech Bear 3x Shares

Several institutional investors have recently made changes to their positions in LABD. Jump Financial LLC acquired a new position in Direxion Daily S&P Biotech Bear 3x Shares in the 4th quarter worth about $363,000. Headlands Technologies LLC acquired a new stake in Direxion Daily S&P Biotech Bear 3x Shares in the fourth quarter valued at approximately $420,000. Two Sigma Securities LLC bought a new stake in Direxion Daily S&P Biotech Bear 3x Shares in the fourth quarter worth approximately $444,000. Finally, Virtu Financial LLC increased its stake in shares of Direxion Daily S&P Biotech Bear 3x Shares by 133.6% during the 4th quarter. Virtu Financial LLC now owns 1,300,443 shares of the company’s stock worth $9,428,000 after purchasing an additional 743,793 shares during the last quarter.

Direxion Daily S&P Biotech Bear 3x Shares Stock Performance

LABD opened at $9.49 on Thursday. The stock has a fifty day moving average of $7.44 and a 200-day moving average of $6.67. Direxion Daily S&P Biotech Bear 3x Shares has a 12-month low of $4.78 and a 12-month high of $11.41.

Direxion Daily S&P Biotech Bear 3x Shares Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were paid a $0.0546 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

Direxion Daily S&P Biotech Bear 3x Shares Company Profile