Hollencrest Capital Management Acquires 769 Shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

Hollencrest Capital Management raised its holdings in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) by 12.9% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,719 shares of the company’s stock after buying an additional 769 shares during the period. Hollencrest Capital Management’s holdings in Direxion Daily S&P 500 Bear 3X Shares were worth $94,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SPXS. Integrated Advisors Network LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at about $178,000. Signaturefd LLC lifted its holdings in Direxion Daily S&P 500 Bear 3X Shares by 506.1% during the 1st quarter. Signaturefd LLC now owns 18,184 shares of the company’s stock worth $322,000 after purchasing an additional 15,184 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Direxion Daily S&P 500 Bear 3X Shares by 3,260.8% in the 1st quarter. Tower Research Capital LLC TRC now owns 112,184 shares of the company’s stock valued at $1,987,000 after purchasing an additional 108,846 shares during the period. Charter Oak Capital Management LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at $699,000. Finally, Gainplan LLC lifted its holdings in shares of Direxion Daily S&P 500 Bear 3X Shares by 733.3% during the second quarter. Gainplan LLC now owns 500,000 shares of the company’s stock worth $6,990,000 after buying an additional 439,995 shares in the last quarter.

Direxion Daily S&P 500 Bear 3X Shares Trading Down 0.4 %

Shares of Direxion Daily S&P 500 Bear 3X Shares stock traded down $0.05 during trading on Friday, reaching $13.57. The company’s stock had a trading volume of 17,397,836 shares, compared to its average volume of 24,912,357. The business’s 50-day moving average price is $15.32 and its 200-day moving average price is $15.04. Direxion Daily S&P 500 Bear 3X Shares has a 52 week low of $12.69 and a 52 week high of $23.55.

Direxion Daily S&P 500 Bear 3X Shares 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.