Direxion Daily S&P 500 Bear 3X Shares (SPXS) Trading Up 7.5%

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Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)’s share price were up 7.5% on Monday . The stock traded as high as $21.50 and last traded at $21.29. Approximately 15,616,539 shares traded hands during trading, an increase of 143% from the average daily volume of 6,415,728 shares. The stock had previously closed at $19.81.

A number of institutional investors and hedge funds have recently modified their holdings of SPXS. Tuttle Tactical Management bought a new position in Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at about $2,639,000. JPMorgan Chase & Co. grew its position in Direxion Daily S&P 500 Bear 3X Shares by 92.8% in the 1st quarter. JPMorgan Chase & Co. now owns 1,610 shares of the company’s stock valued at $34,000 after buying an additional 775 shares in the last quarter. Simplex Trading LLC grew its position in Direxion Daily S&P 500 Bear 3X Shares by 23.0% in the 1st quarter. Simplex Trading LLC now owns 27,070 shares of the company’s stock valued at $564,000 after buying an additional 5,058 shares in the last quarter. Virtu Financial LLC grew its position in Direxion Daily S&P 500 Bear 3X Shares by 21.1% in the 1st quarter. Virtu Financial LLC now owns 199,134 shares of the company’s stock valued at $4,154,000 after buying an additional 34,648 shares in the last quarter. Finally, Deutsche Bank AG bought a new position in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at about $7,697,000.

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About Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

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.

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