Lazari Capital Management Inc. reduced its stake in shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS – Free Report) by 33.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,550 shares of the company’s stock after selling 16,600 shares during the quarter. Lazari Capital Management Inc. owned about 0.06% of Direxion Daily S&P 500 Bear 3X Shares worth $216,000 at the end of the most recent reporting period.
Several other institutional investors have also bought and sold shares of SPXS. Embree Financial Group acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter valued at $99,000. B. Riley Wealth Advisors Inc. acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth about $173,000. QCM Cayman Ltd. bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the first quarter worth about $153,000. Headlands Technologies LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at about $281,000. Finally, Renaissance Technologies LLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter valued at about $655,000.
Direxion Daily S&P 500 Bear 3X Shares Stock Up 0.2 %
Shares of SPXS opened at $6.37 on Wednesday. The firm’s 50 day moving average is $7.03 and its 200-day moving average is $7.98. Direxion Daily S&P 500 Bear 3X Shares has a 12-month low of $6.27 and a 12-month high of $18.09.
About Direxion Daily S&P 500 Bear 3X Shares
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.
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