Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) is PayPay Securities Corp’s 6th Largest Position

PayPay Securities Corp lowered its stake in shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) by 18.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,559 shares of the company’s stock after selling 1,690 shares during the period. Direxion Daily S&P 500 Bear 3X Shares comprises 3.3% of PayPay Securities Corp’s investment portfolio, making the stock its 6th biggest position. PayPay Securities Corp’s holdings in Direxion Daily S&P 500 Bear 3X Shares were worth $66,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SPXS. Cruiser Capital Advisors LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter valued at about $116,000. CWA Asset Management Group LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter valued at about $166,000. Rathbones Group PLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter valued at about $139,000. B. Riley Wealth Advisors Inc. purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter valued at about $173,000. Finally, Avaii Wealth Management LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter valued at about $189,000.

Direxion Daily S&P 500 Bear 3X Shares Stock Up 1.4 %

Shares of NYSEARCA SPXS opened at $7.85 on Monday. The company has a 50-day moving average of $8.70 and a 200 day moving average of $9.74. Direxion Daily S&P 500 Bear 3X Shares has a 12-month low of $7.59 and a 12-month high of $18.09.

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.