Direxion Daily S&P 500 Bear 3X Shares (SPXS) Shares Gap Up to $21.29

Shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) gapped up before the market opened on Tuesday . The stock had previously closed at $21.58, but opened at $21.29. Direxion Daily S&P 500 Bear 3X Shares shares last traded at $20.45, with a volume of 573103 shares changing hands.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 92.8% in the first quarter. JPMorgan Chase & Co. now owns 1,610 shares of the company’s stock worth $34,000 after purchasing an additional 775 shares in the last quarter. Simplex Trading LLC lifted its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 23.0% in the first quarter. Simplex Trading LLC now owns 27,070 shares of the company’s stock worth $564,000 after purchasing an additional 5,058 shares in the last quarter. Two Sigma Securities LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter worth approximately $440,000. Virtu Financial LLC lifted its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 21.1% in the first quarter. Virtu Financial LLC now owns 199,134 shares of the company’s stock worth $4,154,000 after purchasing an additional 34,648 shares in the last quarter. Finally, Mycio Wealth Partners LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter worth approximately $1,163,000.

ILLEGAL ACTIVITY WARNING: This piece of content was originally published by Baseball Daily News and is owned by of Baseball Daily News. If you are viewing this piece of content on another publication, it was copied illegally and reposted in violation of US and international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.baseballdailydigest.com/news/2019/05/14/direxion-daily-sp-500-bear-3x-shares-spxs-shares-gap-up-to-21-29.html.

About Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

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.

Further Reading: Roth IRA

Receive News & Ratings for Direxion Daily S&P 500 Bear 3X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily S&P 500 Bear 3X Shares and related companies with MarketBeat.com's FREE daily email newsletter.