Short Interest in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Increases By 46.5%

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) was the target of a large increase in short interest in February. As of February 13th, there was short interest totaling 2,168,571 shares, an increase of 46.5% from the January 29th total of 1,479,980 shares. Based on an average trading volume of 10,990,388 shares, the short-interest ratio is currently 0.2 days. Approximately 23.6% of the shares of the stock are short sold. Approximately 23.6% of the shares of the stock are short sold. Based on an average trading volume of 10,990,388 shares, the short-interest ratio is currently 0.2 days.

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

Several institutional investors have recently bought and sold shares of the stock. Jump Financial LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the second quarter worth $1,537,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter worth about $8,967,000. Tower Research Capital LLC TRC increased its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 174.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 107,891 shares of the company’s stock worth $506,000 after purchasing an additional 68,566 shares in the last quarter. Virtu Financial LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter valued at about $1,790,000. Finally, Daytona Street Capital LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter valued at about $1,376,000.

Direxion Daily S&P 500 Bear 3X Shares Stock Performance

NYSEARCA:SPXS traded up $0.53 during mid-day trading on Friday, hitting $35.20. The company’s stock had a trading volume of 15,333,810 shares, compared to its average volume of 9,518,919. Direxion Daily S&P 500 Bear 3X Shares has a fifty-two week low of $33.29 and a fifty-two week high of $106.70. The stock has a fifty day moving average of $34.64 and a 200-day moving average of $37.04.

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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.