Simplex Trading LLC Invests $368,000 in Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD)

Simplex Trading LLC purchased a new position in shares of Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 37,997 shares of the company’s stock, valued at approximately $368,000. Simplex Trading LLC owned 0.58% of Direxion Daily S&P Biotech Bear 3x Shares as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of LABD. Jump Financial LLC increased its position in shares of Direxion Daily S&P Biotech Bear 3x Shares by 6.3% during the 3rd quarter. Jump Financial LLC now owns 357,884 shares of the company’s stock worth $7,372,000 after purchasing an additional 21,350 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily S&P Biotech Bear 3x Shares during the 3rd quarter worth about $173,000. Finally, PayPay Securities Corp increased its position in shares of Direxion Daily S&P Biotech Bear 3x Shares by 100.5% during the 4th quarter. PayPay Securities Corp now owns 3,890 shares of the company’s stock worth $38,000 after purchasing an additional 1,950 shares during the last quarter.

Direxion Daily S&P Biotech Bear 3x Shares Stock Down 5.5 %

NYSEARCA LABD opened at $8.28 on Monday. The stock has a 50-day moving average of $8.13 and a two-hundred day moving average of $12.23. Direxion Daily S&P Biotech Bear 3x Shares has a 1-year low of $5.72 and a 1-year high of $29.92.

About Direxion Daily S&P Biotech Bear 3x Shares