Shares of Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $50.29, but opened at $52.40. Direxion Daily S&P Biotech Bull 3x Shares shares last traded at $51.92, with a volume of 1,233,054 shares changing hands.
Direxion Daily S&P Biotech Bull 3x Shares Stock Up 9.1%
The stock’s fifty day moving average price is $51.66 and its 200-day moving average price is $79.29.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC increased its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares by 6.0% during the fourth quarter. SG Americas Securities LLC now owns 3,392 shares of the company’s stock worth $305,000 after purchasing an additional 193 shares during the period. Two Sigma Securities LLC acquired a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 4th quarter worth approximately $323,000. SBI Securities Co. Ltd. acquired a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 4th quarter worth approximately $244,000. Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 177.9% during the 4th quarter. Tower Research Capital LLC TRC now owns 27,048 shares of the company’s stock worth $2,434,000 after acquiring an additional 17,315 shares in the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 4th quarter worth approximately $3,043,000.
About Direxion Daily S&P Biotech Bull 3x Shares
The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion.
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