Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Shares Gap Up to $20.73

Shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Get Rating) gapped up prior to trading on Wednesday . The stock had previously closed at $20.73, but opened at $21.67. Direxion Daily S&P 500 Bear 3X Shares shares last traded at $21.68, with a volume of 8,282,745 shares traded.

Direxion Daily S&P 500 Bear 3X Shares Stock Down 4.8 %

The stock’s 50-day moving average price is $19.43 and its 200 day moving average price is $21.83.

Institutional Trading of Direxion Daily S&P 500 Bear 3X Shares

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC increased its holdings in Direxion Daily S&P 500 Bear 3X Shares by 134.1% during the fourth quarter. Jane Street Group LLC now owns 1,240,240 shares of the company’s stock worth $27,657,000 after buying an additional 710,534 shares during the last quarter. Kingfisher Capital LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the third quarter worth $19,194,000. IMC Chicago LLC increased its holdings in Direxion Daily S&P 500 Bear 3X Shares by 27.4% during the third quarter. IMC Chicago LLC now owns 1,516,231 shares of the company’s stock worth $44,789,000 after buying an additional 326,056 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Direxion Daily S&P 500 Bear 3X Shares by 2,037.7% during the third quarter. Tower Research Capital LLC TRC now owns 204,041 shares of the company’s stock worth $6,027,000 after buying an additional 194,496 shares during the last quarter. Finally, SeaCrest Wealth Management LLC increased its holdings in Direxion Daily S&P 500 Bear 3X Shares by 641.8% during the third quarter. SeaCrest Wealth Management LLC now owns 202,440 shares of the company’s stock worth $5,980,000 after buying an additional 175,151 shares during the last quarter.

About Direxion Daily S&P 500 Bear 3X Shares

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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.