Scientech Research LLC Sells 43,416 Shares of Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD)

Posted by MarketBeat News on Oct 2nd, 2024

Scientech Research LLC trimmed its holdings in shares of Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD – Free Report) by 70.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,193 shares of the company’s stock after selling 43,416 shares during the quarter. Scientech Research LLC owned about 0.16% of Direxion Daily S&P Biotech Bear 3x Shares worth $133,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Virtu Financial LLC increased its position in Direxion Daily S&P Biotech Bear 3x Shares by 111.4% during the second quarter. Virtu Financial LLC now owns 849,172 shares of the company’s stock worth $6,224,000 after acquiring an additional 447,528 shares during the period. AI Squared Management Ltd bought a new position in Direxion Daily S&P Biotech Bear 3x Shares during the first quarter worth about $1,383,000. Finally, Headlands Technologies LLC increased its position in Direxion Daily S&P Biotech Bear 3x Shares by 131.0% during the first quarter. Headlands Technologies LLC now owns 28,362 shares of the company’s stock worth $207,000 after acquiring an additional 16,082 shares during the period.

Direxion Daily S&P Biotech Bear 3x Shares Price Performance

LABD stock opened at $5.99 on Wednesday. Direxion Daily S&P Biotech Bear 3x Shares has a 12 month low of $5.11 and a 12 month high of $29.92. The company’s 50-day moving average price is $5.91 and its two-hundred day moving average price is $7.26.