Direxion Daily S&P 500 Bear 3X Shares Sees Unusually High Options Volume (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) saw unusually large options trading activity on Tuesday. Investors purchased 47,271 call options on the stock. This represents an increase of 94% compared to the typical volume of 24,305 call options.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 3X Shares

Hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the third quarter valued at $101,000. Embree Financial Group acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter valued at about $99,000. Lazari Capital Management Inc. boosted its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 342.8% during the 2nd quarter. Lazari Capital Management Inc. now owns 49,150 shares of the company’s stock valued at $386,000 after purchasing an additional 38,050 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter valued at about $655,000. Finally, Headlands Technologies LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares during the second quarter worth approximately $281,000.

Direxion Daily S&P 500 Bear 3X Shares Trading Up 0.9 %

NYSEARCA:SPXS opened at $5.86 on Wednesday. Direxion Daily S&P 500 Bear 3X Shares has a one year low of $5.67 and a one year high of $12.95. The firm’s 50 day simple moving average is $6.29 and its 200 day simple moving average is $7.22.

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.