Headlands Technologies LLC Makes New Investment in Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU)

Headlands Technologies LLC bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 596 shares of the company’s stock, valued at approximately $68,000.

A number of other hedge funds have also made changes to their positions in the stock. SG Americas Securities LLC grew its stake in Direxion Daily S&P Biotech Bull 3x Shares by 82.8% in the second quarter. SG Americas Securities LLC now owns 2,142 shares of the company’s stock valued at $243,000 after purchasing an additional 970 shares in the last quarter. Foundations Investment Advisors LLC raised its position in Direxion Daily S&P Biotech Bull 3x Shares by 25.3% during the second quarter. Foundations Investment Advisors LLC now owns 4,087 shares of the company’s stock valued at $464,000 after acquiring an additional 825 shares in the last quarter. Jump Financial LLC acquired a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the fourth quarter valued at approximately $521,000. McGuire Investment Group LLC grew its position in Direxion Daily S&P Biotech Bull 3x Shares by 11.4% in the first quarter. McGuire Investment Group LLC now owns 4,594 shares of the company’s stock worth $610,000 after acquiring an additional 470 shares in the last quarter. Finally, Gainplan LLC bought a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 1st quarter valued at $664,000.

Direxion Daily S&P Biotech Bull 3x Shares Stock Performance

Shares of NYSEARCA:LABU opened at $139.06 on Tuesday. Direxion Daily S&P Biotech Bull 3x Shares has a 1 year low of $48.40 and a 1 year high of $176.99. The firm has a fifty day moving average price of $132.23 and a 200 day moving average price of $120.84.

Direxion Daily S&P Biotech Bull 3x Shares Company Profile

The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion.