Stock Traders 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) saw unusually large options trading activity on Tuesday. Investors acquired 42,671 call options on the company. This is an increase of 66% compared to the average daily volume of 25,671 call options.

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

Several institutional investors have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter worth approximately $655,000. Lazari Capital Management Inc. grew its holdings in Direxion Daily S&P 500 Bear 3X Shares by 342.8% during the second quarter. Lazari Capital Management Inc. now owns 49,150 shares of the company’s stock valued at $386,000 after purchasing an additional 38,050 shares during the period. Headlands Technologies LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the second quarter valued at approximately $281,000. XTX Topco Ltd acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the third quarter valued at approximately $101,000. Finally, Embree Financial Group acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the third quarter valued at approximately $99,000.

Direxion Daily S&P 500 Bear 3X Shares Stock Down 0.3 %

Shares of NYSEARCA SPXS opened at $6.18 on Thursday. Direxion Daily S&P 500 Bear 3X Shares has a 1-year low of $5.67 and a 1-year high of $12.03. The company has a 50-day moving average of $6.06 and a two-hundred day moving average of $6.88.

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.