Investors Purchase High Volume of Call Options on Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) was the recipient of some unusual options trading activity on Tuesday. Stock traders acquired 34,310 call options on the stock. This is an increase of 20% compared to the average volume of 28,685 call options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of SPXS. PayPay Securities Corp raised its position in Direxion Daily S&P 500 Bear 3X Shares by 128.3% during the fourth quarter. PayPay Securities Corp now owns 7,158 shares of the company’s stock valued at $45,000 after purchasing an additional 4,023 shares in the last quarter. Rathbones Group PLC bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at $98,000. XTX Topco Ltd acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter worth $101,000. Gimbal Financial bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth $110,000. Finally, Waterloo Capital L.P. boosted its stake in Direxion Daily S&P 500 Bear 3X Shares by 15.6% in the fourth quarter. Waterloo Capital L.P. now owns 18,500 shares of the company’s stock valued at $116,000 after buying an additional 2,500 shares in the last quarter.

Direxion Daily S&P 500 Bear 3X Shares Price Performance

SPXS opened at $6.66 on Wednesday. Direxion Daily S&P 500 Bear 3X Shares has a fifty-two week low of $5.55 and a fifty-two week high of $10.45. The stock has a fifty day moving average of $5.97 and a 200-day moving average of $6.35.

Direxion Daily S&P 500 Bear 3X Shares Company Profile

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.