Direxion Daily S&P 500 Bear 3X Shares Sees Unusually High Options Volume (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) was the recipient of unusually large options trading activity on Friday. Stock traders bought 35,035 call options on the company. This is an increase of approximately 52% compared to the typical volume of 23,114 call options.

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

Shares of Direxion Daily S&P 500 Bear 3X Shares stock traded up $0.35 during trading on Friday, hitting $8.03. 51,740,363 shares of the company were exchanged, compared to its average volume of 33,139,742. The firm’s fifty day moving average price is $7.68 and its 200 day moving average price is $8.56. Direxion Daily S&P 500 Bear 3X Shares has a 1-year low of $7.05 and a 1-year high of $18.09.

Institutional Investors Weigh In On Direxion Daily S&P 500 Bear 3X Shares

Several hedge funds have recently bought and sold shares of the company. Cruiser Capital Advisors LLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at $116,000. Lazari Capital Management Inc. acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at about $97,000. Rathbones Group PLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at about $139,000. B. Riley Wealth Advisors Inc. bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at about $173,000. Finally, QCM Cayman Ltd. acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the first quarter worth about $153,000.

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.