Direxion Daily S&P 500 Bear 3X Shares Sees Unusually Large Options Volume (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) was the recipient of some unusual options trading activity on Monday. Traders purchased 54,428 call options on the stock. This is an increase of 112% compared to the typical daily volume of 25,701 call options.

Direxion Daily S&P 500 Bear 3X Shares Stock Up 0.8 %

Shares of SPXS stock opened at $9.85 on Wednesday. Direxion Daily S&P 500 Bear 3X Shares has a one year low of $8.65 and a one year high of $18.62. The company’s 50-day simple moving average is $9.45 and its 200-day simple moving average is $11.95.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. B. Riley Wealth Advisors Inc. bought a new stake in Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter valued at $173,000. Cruiser Capital Advisors LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at about $116,000. Tower Research Capital LLC TRC grew its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 42,942.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 258,255 shares of the company’s stock valued at $2,983,000 after buying an additional 257,655 shares during the last quarter. Rathbones Group PLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth about $139,000. Finally, IMC Chicago LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter worth about $58,128,000.

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.