Hamilton Wealth LLC Makes New Investment in Direxion Daily S&P 500 Bear 3X Shares $SPXS

Hamilton Wealth LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 157,308 shares of the company’s stock, valued at approximately $6,369,000. Direxion Daily S&P 500 Bear 3X Shares accounts for about 1.2% of Hamilton Wealth LLC’s holdings, making the stock its 22nd biggest position. Hamilton Wealth LLC owned 1.19% of Direxion Daily S&P 500 Bear 3X Shares as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in SPXS. Royal Bank of Canada bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth about $81,000. PayPay Securities Corp increased its stake in Direxion Daily S&P 500 Bear 3X Shares by 145.2% in the fourth quarter. PayPay Securities Corp now owns 3,008 shares of the company’s stock valued at $107,000 after acquiring an additional 1,781 shares during the period. JPMorgan Chase & Co. acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the second quarter worth about $119,000. Guardian Partners Inc. acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the first quarter worth about $203,000. Finally, BTG Pactual Asset Management US LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the third quarter worth about $220,000.

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

Shares of SPXS opened at $26.57 on Monday. The company has a 50-day moving average price of $26.87 and a two-hundred day moving average price of $31.77. Direxion Daily S&P 500 Bear 3X Shares has a 12 month low of $25.53 and a 12 month high of $47.20.

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.