Stock Traders Buy High Volume of Direxion Daily S&P 500 Bear 3X ETF Call Options (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X ETF (NYSEARCA:SPXS) saw unusually large options trading on Thursday. Traders acquired 25,021 call options on the company. This is an increase of 40% compared to the average daily volume of 17,831 call options.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the business. IMC Chicago LLC increased its stake in Direxion Daily S&P 500 Bear 3X ETF by 323.0% during the 1st quarter. IMC Chicago LLC now owns 1,069,475 shares of the company’s stock worth $43,303,000 after buying an additional 816,668 shares during the period. Hamilton Wealth LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X ETF in the 1st quarter worth approximately $19,108,000. Group One Trading LLC bought a new position in Direxion Daily S&P 500 Bear 3X ETF during the 1st quarter worth $2,172,000. Simplicity Wealth LLC boosted its position in Direxion Daily S&P 500 Bear 3X ETF by 52.1% during the 3rd quarter. Simplicity Wealth LLC now owns 11,639 shares of the company’s stock worth $288,000 after acquiring an additional 3,989 shares during the period. Finally, Ramsey Quantitative Systems acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X ETF in the 3rd quarter worth approximately $256,000.

Direxion Daily S&P 500 Bear 3X ETF Stock Performance

Direxion Daily S&P 500 Bear 3X ETF stock opened at $24.30 on Friday. Direxion Daily S&P 500 Bear 3X ETF has a 1-year low of $23.04 and a 1-year high of $44.83. The stock’s 50 day moving average price is $24.49 and its 200 day moving average price is $29.47.

About Direxion Daily S&P 500 Bear 3X ETF

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.