Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report) shares gapped down before the market opened on Friday . The stock had previously closed at $96.46, but opened at $90.66. Direxion Daily S&P Biotech Bull 3x Shares shares last traded at $89.66, with a volume of 330,972 shares trading hands.
Direxion Daily S&P Biotech Bull 3x Shares Stock Down 10.0 %
The firm’s 50 day simple moving average is $111.33 and its 200 day simple moving average is $122.16.
Hedge Funds Weigh In On Direxion Daily S&P Biotech Bull 3x Shares
Institutional investors have recently bought and sold shares of the business. Tidal Investments LLC purchased a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares in the third quarter valued at $9,012,000. Bank of New York Mellon Corp purchased a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares during the second quarter valued at approximately $596,000. JPMorgan Chase & Co. grew its stake in shares of Direxion Daily S&P Biotech Bull 3x Shares by 129.3% during the third quarter. JPMorgan Chase & Co. now owns 4,851 shares of the company’s stock valued at $625,000 after buying an additional 2,735 shares during the last quarter. B. Riley Wealth Advisors Inc. bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 3rd quarter worth approximately $279,000. Finally, SG Americas Securities LLC boosted its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 49.3% during the 3rd quarter. SG Americas Securities LLC now owns 3,199 shares of the company’s stock valued at $412,000 after acquiring an additional 1,057 shares during the period.
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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