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

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) was the recipient of some unusual options trading activity on Tuesday. Investors bought 42,671 call options on the stock. This represents an increase of approximately 66% compared to the average daily volume of 25,671 call options.

Direxion Daily S&P 500 Bear 3X Shares Trading Up 3.3 %

SPXS stock opened at $6.20 on Wednesday. The firm has a 50 day moving average of $6.07 and a 200-day moving average of $6.89. Direxion Daily S&P 500 Bear 3X Shares has a 12-month low of $5.67 and a 12-month high of $12.11.

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

Several hedge funds have recently bought and sold shares of the company. Embree Financial Group acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the third quarter worth about $99,000. XTX Topco Ltd purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter worth approximately $101,000. Headlands Technologies LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter worth approximately $281,000. Lazari Capital Management Inc. lifted its stake in 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 buying an additional 38,050 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter valued at $655,000.

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.