SBI Securities Co. Ltd. bought a new position in Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Free Report) in the fourth quarter, Holdings Channel reports. The institutional investor bought 2,708 shares of the company’s stock, valued at approximately $244,000.
Other hedge funds also recently bought and sold shares of the company. Dunhill Financial LLC bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the third quarter valued at approximately $46,000. Spire Wealth Management bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the fourth quarter valued at approximately $68,000. B. Riley Wealth Advisors Inc. bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the third quarter valued at approximately $279,000. SG Americas Securities LLC lifted its position in Direxion Daily S&P Biotech Bull 3x Shares by 6.0% in the fourth quarter. SG Americas Securities LLC now owns 3,392 shares of the company’s stock valued at $305,000 after purchasing an additional 193 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Direxion Daily S&P Biotech Bull 3x Shares by 129.3% in the third quarter. JPMorgan Chase & Co. now owns 4,851 shares of the company’s stock valued at $625,000 after purchasing an additional 2,735 shares during the last quarter.
Direxion Daily S&P Biotech Bull 3x Shares Stock Performance
Shares of Direxion Daily S&P Biotech Bull 3x Shares stock opened at $79.09 on Thursday. The business has a 50 day moving average of $89.96 and a 200 day moving average of $112.23. Direxion Daily S&P Biotech Bull 3x Shares has a 52 week low of $69.69 and a 52 week high of $164.74.
About Direxion Daily S&P Biotech Bull 3x Shares
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.
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