Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) Shares Gap Down to $89.40

Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) shares gapped down before the market opened on Thursday . The stock had previously closed at $89.40, but opened at $84.45. Direxion Daily S&P Biotech Bull 3x Shares shares last traded at $82.96, with a volume of 1,345,257 shares changing hands.

Direxion Daily S&P Biotech Bull 3x Shares Stock Performance

The business has a 50 day moving average of $127.49 and a 200 day moving average of $104.93.

Institutional Trading of Direxion Daily S&P Biotech Bull 3x Shares

Hedge funds have recently added to or reduced their stakes in the business. Second Half Financial Partners LLC acquired a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the 3rd quarter worth about $40,000. Colonial River Wealth Management LLC acquired a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the 3rd quarter worth about $45,000. Banque Cantonale Vaudoise boosted its stake in Direxion Daily S&P Biotech Bull 3x Shares by 100.0% in the 3rd quarter. Banque Cantonale Vaudoise now owns 12,000 shares of the company’s stock worth $46,000 after buying an additional 6,000 shares during the last quarter. Genesee Capital Advisors LLC acquired a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the 3rd quarter worth about $55,000. Finally, Lake Street Financial LLC purchased a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 3rd quarter worth about $55,000.

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.