Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $124.14, but opened at $128.25. Direxion Daily S&P Biotech Bull 3x Shares shares last traded at $128.57, with a volume of 399,004 shares changing hands.
Direxion Daily S&P Biotech Bull 3x Shares Stock Performance
The company has a fifty day simple moving average of $131.21 and a 200-day simple moving average of $101.01.
Institutional Trading of Direxion Daily S&P Biotech Bull 3x Shares
Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. increased its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares by 64.9% in the 1st quarter. Advisor Group Holdings Inc. now owns 3,190 shares of the company’s stock valued at $50,000 after purchasing an additional 1,255 shares during the period. Captrust Financial Advisors increased its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 11.3% in the third quarter. Captrust Financial Advisors now owns 25,125 shares of the company’s stock worth $176,000 after buying an additional 2,560 shares during the last quarter. Traynor Capital Management Inc. acquired a new position in Direxion Daily S&P Biotech Bull 3x Shares in the fourth quarter worth approximately $325,000. UBS Group AG acquired a new position in Direxion Daily S&P Biotech Bull 3x Shares in the fourth quarter worth approximately $351,000. Finally, Gateway Advisory LLC acquired a new position in Direxion Daily S&P Biotech Bull 3x Shares in the fourth quarter worth approximately $366,000.
Direxion Daily S&P Biotech Bull 3x Shares Company Profile
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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