Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Short Interest Update

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 1,350,714 shares, an increase of 57.6% from the December 31st total of 856,840 shares. Based on an average daily volume of 7,024,271 shares, the short-interest ratio is presently 0.2 days. Approximately 15.1% of the shares of the company are short sold. Approximately 15.1% of the shares of the company are short sold. Based on an average daily volume of 7,024,271 shares, the short-interest ratio is presently 0.2 days.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 3X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PayPay Securities Corp raised its stake in shares of 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 purchasing an additional 1,781 shares in the last quarter. JFS Wealth Advisors LLC boosted its position in Direxion Daily S&P 500 Bear 3X Shares by 56.3% in the second quarter. JFS Wealth Advisors LLC now owns 10,000 shares of the company’s stock valued at $47,000 after buying an additional 3,600 shares in the last quarter. BTG Pactual Asset Management US LLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter worth approximately $220,000. Global Retirement Partners LLC increased its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 12,458.3% in the third quarter. Global Retirement Partners LLC now owns 6,028 shares of the company’s stock valued at $229,000 after buying an additional 5,980 shares in the last quarter. Finally, Kiker Wealth Management LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the third quarter worth approximately $228,000.

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

SPXS traded up $0.35 during trading on Friday, hitting $34.21. The stock had a trading volume of 14,120,352 shares, compared to its average volume of 8,231,342. Direxion Daily S&P 500 Bear 3X Shares has a 12 month low of $33.29 and a 12 month high of $106.70. The company has a 50 day simple moving average of $35.01 and a 200-day simple moving average of $38.41.

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.