Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) Shares Gap Up to $137.46

Shares of Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) gapped up prior to trading on Thursday . The stock had previously closed at $137.46, but opened at $145.63. Direxion Daily S&P Biotech Bull 3x Shares shares last traded at $145.30, with a volume of 409,276 shares traded.

Direxion Daily S&P Biotech Bull 3x Shares Trading Down 2.6 %

The firm has a fifty day simple moving average of $133.20 and a 200 day simple moving average of $120.77.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. TB Alternative Assets Ltd. purchased a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares in the first quarter worth $10,180,000. Tidal Investments LLC purchased a new stake in Direxion Daily S&P Biotech Bull 3x Shares during the 1st quarter valued at about $1,858,000. SG Americas Securities LLC increased its holdings in shares of 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 during the period. Foundations Investment Advisors LLC raised its stake in shares of Direxion Daily S&P Biotech Bull 3x Shares by 25.3% in the second quarter. Foundations Investment Advisors LLC now owns 4,087 shares of the company’s stock worth $464,000 after purchasing an additional 825 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the second quarter worth about $68,000.

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.