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

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) saw some unusual options trading activity on Tuesday. Stock traders acquired 47,271 call options on the company. This is an increase of approximately 94% compared to the typical volume of 24,305 call options.

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

A number of institutional investors and hedge funds have recently bought and sold shares of SPXS. Embree Financial Group acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter valued at about $99,000. XTX Topco Ltd purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter valued at approximately $101,000. Headlands Technologies LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at approximately $281,000. Lazari Capital Management Inc. raised its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 342.8% in the 2nd quarter. Lazari Capital Management Inc. now owns 49,150 shares of the company’s stock valued at $386,000 after acquiring an additional 38,050 shares during the period. Finally, Renaissance Technologies LLC purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at approximately $655,000.

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

SPXS stock opened at $5.72 on Thursday. Direxion Daily S&P 500 Bear 3X Shares has a 52 week low of $5.67 and a 52 week high of $12.86. The firm has a 50-day simple moving average of $6.25 and a 200-day simple moving average of $7.19.

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.