Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Trading Down 4.4%

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)’s stock price fell 4.4% during trading on Tuesday . The stock traded as low as $8.68 and last traded at $8.75. 25,334,096 shares were traded during trading, a decline of 20% from the average session volume of 31,696,875 shares. The stock had previously closed at $9.15.

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

The stock’s fifty day moving average is $7.93 and its two-hundred day moving average is $9.00.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. Lazari Capital Management Inc. purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the first quarter valued at approximately $97,000. Cruiser Capital Advisors LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter worth $116,000. Rathbones Group PLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at about $139,000. QCM Cayman Ltd. bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the first quarter valued at about $153,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter valued at about $173,000.

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.