Morgan Stanley Sells 119,252 Shares of Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU)

Morgan Stanley reduced its stake in Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) by 90.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 12,685 shares of the company’s stock after selling 119,252 shares during the period. Morgan Stanley’s holdings in Direxion Daily S&P Biotech Bull 3x Shares were worth $637,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Valeo Financial Advisors LLC increased its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 951.0% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,051 shares of the company’s stock valued at $53,000 after acquiring an additional 951 shares during the last quarter. XR Securities LLC bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the 2nd quarter valued at $380,000. Gainplan LLC bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the 2nd quarter valued at $502,000. Traynor Capital Management Inc. increased its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 22.1% in the 2nd quarter. Traynor Capital Management Inc. now owns 14,324 shares of the company’s stock valued at $729,000 after acquiring an additional 2,595 shares during the last quarter. Finally, Harvest Investment Services LLC increased its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 7.9% in the 2nd quarter. Harvest Investment Services LLC now owns 83,273 shares of the company’s stock valued at $4,241,000 after acquiring an additional 6,101 shares during the last quarter.

Shares of NYSEARCA LABU opened at $40.36 on Friday. The firm’s fifty day moving average is $34.80 and its two-hundred day moving average is $41.53. Direxion Daily S&P Biotech Bull 3x Shares has a 52-week low of $24.00 and a 52-week high of $66.67.

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Institutional Ownership by Quarter for Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU)

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