Investors Buy Large Volume of Direxion Daily S&P 500 Bear 3X Shares Call Options (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) was the target of unusually large options trading on Monday. Stock investors purchased 44,384 call options on the company. This is an increase of 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 added to or reduced their stakes in the company. PayPay Securities Corp raised 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 buying an additional 4,023 shares during the period. Lazari Capital Management Inc. raised its holdings 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 buying an additional 14,350 shares during the period. Embree Financial Group acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the third quarter valued at approximately $99,000. XTX Topco Ltd acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the third quarter valued at approximately $101,000. Finally, Gimbal Financial acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth $110,000.

Direxion Daily S&P 500 Bear 3X Shares Stock Up 0.9 %

NYSEARCA:SPXS traded up $0.06 during mid-day trading on Monday, reaching $5.89. 79,234,074 shares of the company were exchanged, compared to its average volume of 74,244,383. Direxion Daily S&P 500 Bear 3X Shares has a 12 month low of $5.58 and a 12 month high of $10.66. The company has a fifty day moving average of $5.96 and a 200 day moving average of $6.69.

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.