SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 201,174 shares of the company’s stock, valued at approximately $1,263,000.
Other hedge funds and other institutional investors also recently modified their holdings of the company. PayPay Securities Corp lifted its holdings in Direxion Daily S&P 500 Bear 3X Shares by 128.3% in the fourth quarter. PayPay Securities Corp now owns 7,158 shares of the company’s stock worth $45,000 after buying an additional 4,023 shares during the period. Lazari Capital Management Inc. lifted its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 44.1% in the 4th quarter. Lazari Capital Management Inc. now owns 46,900 shares of the company’s stock valued at $295,000 after purchasing an additional 14,350 shares during the period. XTX Topco Ltd bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the third quarter valued at approximately $101,000. Gimbal Financial purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter worth $110,000. Finally, Patriot Investment Management Group Inc. bought a new position in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter worth $126,000.
Direxion Daily S&P 500 Bear 3X Shares Price Performance
Shares of Direxion Daily S&P 500 Bear 3X Shares stock opened at $6.42 on Tuesday. Direxion Daily S&P 500 Bear 3X Shares has a 12 month low of $5.55 and a 12 month high of $10.45. The business has a fifty day simple moving average of $5.95 and a two-hundred day simple moving average of $6.36.
About Direxion Daily S&P 500 Bear 3X Shares
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.
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