Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) Trading Down 5.5%

Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU)’s share price fell 5.5% during trading on Monday . The stock traded as low as $131.10 and last traded at $132.55. 989,581 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 2,148,881 shares. The stock had previously closed at $140.24.

Direxion Daily S&P Biotech Bull 3x Shares Trading Down 6.9 %

The business has a fifty day moving average of $133.20 and a 200 day moving average of $120.25.

Institutional Trading of Direxion Daily S&P Biotech Bull 3x Shares

Several large investors have recently modified their holdings of the business. McGuire Investment Group LLC raised its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares by 11.4% during the 1st quarter. McGuire Investment Group LLC now owns 4,594 shares of the company’s stock valued at $610,000 after buying an additional 470 shares during the period. Headlands Technologies LLC bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the second quarter valued at $68,000. Foundations Investment Advisors LLC boosted its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 25.3% during the second quarter. Foundations Investment Advisors LLC now owns 4,087 shares of the company’s stock worth $464,000 after buying an additional 825 shares during the period. SG Americas Securities LLC increased its stake in Direxion Daily S&P Biotech Bull 3x Shares by 82.8% during the 2nd quarter. SG Americas Securities LLC now owns 2,142 shares of the company’s stock valued at $243,000 after buying an additional 970 shares during the period. Finally, Traynor Capital Management Inc. raised its position in Direxion Daily S&P Biotech Bull 3x Shares by 118.0% in the first quarter. Traynor Capital Management Inc. now owns 5,804 shares of the company’s stock worth $770,000 after acquiring an additional 3,142 shares in the last quarter.

About Direxion Daily S&P Biotech Bull 3x Shares

The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion.