CIBC Private Wealth Group LLC Trims Stake in Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU)

CIBC Private Wealth Group LLC cut its stake in shares of Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) by 17.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,750 shares of the company’s stock after selling 1,000 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in Direxion Daily S&P Biotech Bull 3x Shares were worth $458,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of LABU. Tidal Investments LLC bought a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 3rd quarter valued at approximately $9,012,000. Virtu Financial LLC purchased a new position in Direxion Daily S&P Biotech Bull 3x Shares during the fourth quarter valued at approximately $3,043,000. JPMorgan Chase & Co. boosted its position in shares of 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 worth $625,000 after purchasing an additional 2,735 shares during the period. SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares in the fourth quarter worth $244,000. Finally, B. Riley Wealth Advisors Inc. bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 3rd quarter valued at $279,000.

Direxion Daily S&P Biotech Bull 3x Shares Stock Down 17.1 %

Shares of Direxion Daily S&P Biotech Bull 3x Shares stock opened at $44.44 on Friday. Direxion Daily S&P Biotech Bull 3x Shares has a fifty-two week low of $43.74 and a fifty-two week high of $152.60. The company has a fifty day moving average of $81.13 and a 200 day moving average of $102.26.

Direxion Daily S&P Biotech Bull 3x Shares Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were paid a $0.1071 dividend. The ex-dividend date was Tuesday, March 25th.

Direxion Daily S&P Biotech Bull 3x Shares Profile

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.