Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Shares Gap Up to $27.34

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Shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXSGet Rating) gapped up before the market opened on Wednesday . The stock had previously closed at $27.34, but opened at $28.46. Direxion Daily S&P 500 Bear 3X Shares shares last traded at $27.93, with a volume of 279,723 shares trading hands.

The stock has a 50 day moving average of $23.35 and a 200 day moving average of $20.37.

Several institutional investors have recently bought and sold shares of SPXS. Total Clarity Wealth Management Inc. acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at approximately $98,000. Silverleafe Capital Partners LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the first quarter valued at approximately $1,130,000. Avaii Wealth Management LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the first quarter valued at approximately $558,000. Virtu Financial LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at approximately $2,692,000. Finally, Claraphi Advisory Network LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the first quarter valued at approximately $405,000.

Direxion Daily S&P 500 Bear 3X Shares Company Profile (NYSEARCA:SPXS)

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.

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