Stock Traders Buy 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) 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 52% compared to the typical volume of 23,114 call options.

Direxion Daily S&P 500 Bear 3X Shares Stock Up 4.9 %

Shares of SPXS stock opened at $8.06 on Friday. Direxion Daily S&P 500 Bear 3X Shares has a 52 week low of $7.05 and a 52 week high of $18.09. The company has a 50-day simple moving average of $7.68 and a 200 day simple moving average of $8.55.

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

A number of institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the second quarter valued at about $655,000. Headlands Technologies LLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at about $281,000. Park Edge Advisors LLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at about $1,184,000. Lazari Capital Management Inc. acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth approximately $97,000. Finally, QCM Cayman Ltd. bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the first quarter worth approximately $153,000.

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.