Traders Purchase High Volume of Call Options on Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) saw unusually large options trading on Monday. Stock traders acquired 44,384 call options on the company. This represents an increase of approximately 69% compared to the average daily volume of 26,240 call options.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Gimbal Financial bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth $110,000. PayPay Securities Corp increased its stake in Direxion Daily S&P 500 Bear 3X Shares by 128.3% during the 4th quarter. PayPay Securities Corp now owns 7,158 shares of the company’s stock worth $45,000 after acquiring an additional 4,023 shares during the period. Lazari Capital Management Inc. increased its stake in Direxion Daily S&P 500 Bear 3X Shares by 44.1% during the 4th quarter. Lazari Capital Management Inc. now owns 46,900 shares of the company’s stock worth $295,000 after acquiring an additional 14,350 shares during the period. Charter Oak Capital Management LLC boosted its holdings in shares of Direxion Daily S&P 500 Bear 3X Shares by 639.5% in the 4th quarter. Charter Oak Capital Management LLC now owns 79,432 shares of the company’s stock valued at $499,000 after purchasing an additional 68,691 shares in the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at $375,000.

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

Shares of Direxion Daily S&P 500 Bear 3X Shares stock opened at $5.96 on Tuesday. Direxion Daily S&P 500 Bear 3X Shares has a 1 year low of $5.58 and a 1 year high of $10.66. The business has a 50-day moving average of $5.96 and a two-hundred day moving average of $6.69.

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.