IMC Chicago LLC Has $43.30 Million Position in Direxion Daily S&P 500 Bear 3X Shares $SPXS

IMC Chicago LLC boosted its stake in shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) by 323.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,069,475 shares of the company’s stock after acquiring an additional 816,668 shares during the period. IMC Chicago LLC owned 8.12% of Direxion Daily S&P 500 Bear 3X Shares worth $43,303,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SPXS. JPMorgan Chase & Co. bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter valued at $119,000. Jump Financial LLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the second quarter worth $1,537,000. Tower Research Capital LLC TRC raised its stake in Direxion Daily S&P 500 Bear 3X Shares by 174.4% in the second quarter. Tower Research Capital LLC TRC now owns 107,891 shares of the company’s stock valued at $506,000 after purchasing an additional 68,566 shares in the last quarter. Group One Trading LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the third quarter valued at about $310,000. Finally, BTG Pactual Asset Management US LLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares during the third quarter worth about $220,000.

Direxion Daily S&P 500 Bear 3X Shares Trading Down 1.1%

Shares of Direxion Daily S&P 500 Bear 3X Shares stock opened at $25.73 on Thursday. Direxion Daily S&P 500 Bear 3X Shares has a 12-month low of $25.53 and a 12-month high of $47.20. The firm’s 50-day moving average price is $26.99 and its two-hundred day moving average price is $32.40.

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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.