Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Shares Gap Down to $9.81

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) gapped down prior to trading on Friday . The stock had previously closed at $9.81, but opened at $9.45. Direxion Daily S&P 500 Bear 3X Shares shares last traded at $9.55, with a volume of 13,335,024 shares traded.

Direxion Daily S&P 500 Bear 3X Shares Stock Performance

The business’s 50 day moving average price is $9.40 and its 200-day moving average price is $11.52.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 3X Shares

Several institutional investors and hedge funds have recently made changes to their positions in SPXS. Castleview Partners LLC increased its holdings in Direxion Daily S&P 500 Bear 3X Shares by 25.0% in the third quarter. Castleview Partners LLC now owns 12,500 shares of the company’s stock valued at $197,000 after buying an additional 2,500 shares during the last quarter. PayPay Securities Corp lifted its stake in Direxion Daily S&P 500 Bear 3X Shares by 96.7% during the third quarter. PayPay Securities Corp now owns 9,399 shares of the company’s stock worth $148,000 after purchasing an additional 4,620 shares during the last quarter. CPR Investments Inc. boosted its holdings in Direxion Daily S&P 500 Bear 3X Shares by 17.8% in the third quarter. CPR Investments Inc. now owns 58,745 shares of the company’s stock worth $927,000 after purchasing an additional 8,884 shares during the period. Cruiser Capital Advisors LLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter valued at $116,000. Finally, CWA Asset Management Group LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the third quarter worth $166,000.

Direxion Daily S&P 500 Bear 3X Shares Company Profile

Direxion Daily S&P 500 Bear 3X Shares ETF, formerly Direxion Daily S&P 500 Bear 3X Shares, seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the S&P 500 Index. The S&P 500 Index is a capitalization-weighted index composed of 500 domestic common stocks. Standard & Poor’s selects the 500 stocks comprising the Index on the basis of market values and industry diversification.