Squarepoint Ops LLC Increases Stake in Direxion Daily S&P Biotech Bull 3x Shares $LABU

Squarepoint Ops LLC grew its stake in shares of Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) by 33.2% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 161,146 shares of the company’s stock after purchasing an additional 40,157 shares during the quarter. Squarepoint Ops LLC owned approximately 1.55% of Direxion Daily S&P Biotech Bull 3x Shares worth $9,171,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Qube Research & Technologies Ltd purchased a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares in the second quarter worth $26,000. Spire Wealth Management grew its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 46.3% in the 2nd quarter. Spire Wealth Management now owns 1,106 shares of the company’s stock worth $63,000 after acquiring an additional 350 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares in the second quarter valued at about $69,000. SBI Securities Co. Ltd. raised its stake in shares of Direxion Daily S&P Biotech Bull 3x Shares by 12.8% during the second quarter. SBI Securities Co. Ltd. now owns 3,388 shares of the company’s stock valued at $193,000 after acquiring an additional 385 shares during the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Direxion Daily S&P Biotech Bull 3x Shares by 21.7% during the second quarter. SG Americas Securities LLC now owns 3,561 shares of the company’s stock valued at $203,000 after acquiring an additional 635 shares during the last quarter.

Direxion Daily S&P Biotech Bull 3x Shares Trading Up 0.2%

Direxion Daily S&P Biotech Bull 3x Shares stock opened at $164.81 on Friday. Direxion Daily S&P Biotech Bull 3x Shares has a 1-year low of $32.55 and a 1-year high of $176.44. The firm has a 50-day moving average of $133.47 and a 200-day moving average of $90.89.

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.