Shares of Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report) fell 6.1% on Friday . The company traded as low as $184.45 and last traded at $183.9580. 378,366 shares changed hands during trading, a decline of 49% from the average session volume of 744,305 shares. The stock had previously closed at $195.95.
Direxion Daily S&P Biotech Bull 3x Shares Price Performance
The firm has a 50-day simple moving average of $162.58 and a 200 day simple moving average of $113.94.
Hedge Funds Weigh In On Direxion Daily S&P Biotech Bull 3x Shares
Hedge funds have recently modified their holdings of the business. Qube Research & Technologies Ltd bought a new position in Direxion Daily S&P Biotech Bull 3x Shares during the 2nd quarter worth $26,000. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 68.7% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 506 shares of the company’s stock worth $47,000 after acquiring an additional 206 shares during the last quarter. Spire Wealth Management lifted its stake in shares of Direxion Daily S&P Biotech Bull 3x Shares by 46.3% in the second quarter. Spire Wealth Management now owns 1,106 shares of the company’s stock worth $63,000 after acquiring an additional 350 shares during the period. Headlands Technologies LLC bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the second quarter valued at approximately $69,000. Finally, Bank of America Corp DE increased its position in Direxion Daily S&P Biotech Bull 3x Shares by 134.2% during the 3rd quarter. Bank of America Corp DE now owns 2,476 shares of the company’s stock valued at $232,000 after purchasing an additional 1,419 shares during the period.
Direxion Daily S&P Biotech Bull 3x Shares Company Profile
The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion.
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