Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD) Trading Up 9.4%

Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD)’s share price were up 9.4% during mid-day trading on Wednesday . The company traded as high as $63.87 and last traded at $63.62. Approximately 898,040 shares changed hands during mid-day trading, an increase of 151% from the average daily volume of 357,655 shares. The stock had previously closed at $58.16.

The business’s 50 day moving average price is $66.26 and its 200-day moving average price is $131.98.

Institutional investors have recently modified their holdings of the company. Bank of America Corp DE acquired a new stake in shares of Direxion Daily S&P Biotech Bear 3x Shares in the 2nd quarter valued at about $28,000. XR Securities LLC acquired a new stake in shares of Direxion Daily S&P Biotech Bear 3x Shares in the 2nd quarter valued at about $89,000. HighTower Advisors LLC acquired a new stake in shares of Direxion Daily S&P Biotech Bear 3x Shares in the 2nd quarter valued at about $132,000. Simplex Trading LLC acquired a new stake in shares of Direxion Daily S&P Biotech Bear 3x Shares in the 2nd quarter valued at about $471,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily S&P Biotech Bear 3x Shares in the 2nd quarter valued at about $491,000.

Further Reading: What are gap-up stocks?

Receive News & Ratings for Direxion Daily S&P Biotech Bear 3x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily S&P Biotech Bear 3x Shares and related companies with MarketBeat.com's FREE daily email newsletter.