Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Shares Gap Up to $9.75

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)’s share price gapped up before the market opened on Thursday . The stock had previously closed at $9.75, but opened at $10.14. Direxion Daily S&P 500 Bear 3X Shares shares last traded at $10.10, with a volume of 11,131,642 shares traded.

Direxion Daily S&P 500 Bear 3X Shares Stock Up 1.3 %

The firm has a fifty day simple moving average of $9.43 and a 200 day simple moving average of $11.72.

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

A number of institutional investors have recently modified their holdings of SPXS. Cruiser Capital Advisors LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth approximately $116,000. Rathbones Group PLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth approximately $139,000. PayPay Securities Corp lifted its position in Direxion Daily S&P 500 Bear 3X Shares by 96.7% during the 3rd quarter. PayPay Securities Corp now owns 9,399 shares of the company’s stock worth $148,000 after acquiring an additional 4,620 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter worth approximately $166,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth approximately $173,000.

Direxion Daily S&P 500 Bear 3X Shares Company 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.