SBI Securities Co. Ltd. Acquires New Shares in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 201,174 shares of the company’s stock, valued at approximately $1,263,000. SBI Securities Co. Ltd. owned 0.35% of Direxion Daily S&P 500 Bear 3X Shares at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in SPXS. PayPay Securities Corp grew its stake in Direxion Daily S&P 500 Bear 3X Shares by 128.3% during the fourth quarter. PayPay Securities Corp now owns 7,158 shares of the company’s stock valued at $45,000 after acquiring an additional 4,023 shares in the last quarter. Lazari Capital Management Inc. boosted its holdings in Direxion Daily S&P 500 Bear 3X Shares by 44.1% in the 4th quarter. Lazari Capital Management Inc. now owns 46,900 shares of the company’s stock valued at $295,000 after purchasing an additional 14,350 shares during the period. XTX Topco Ltd purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter valued at $101,000. Gimbal Financial bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter worth $110,000. Finally, Patriot Investment Management Group Inc. purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter worth $126,000.

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

Direxion Daily S&P 500 Bear 3X Shares stock opened at $6.42 on Tuesday. The business has a 50-day simple moving average of $5.95 and a 200 day simple moving average of $6.36. Direxion Daily S&P 500 Bear 3X Shares has a 52 week low of $5.55 and a 52 week high of $10.45.

Direxion Daily S&P 500 Bear 3X Shares 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.