Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Short Interest Down 26.0% in May

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) was the recipient of a large decrease in short interest in May. As of May 31st, there was short interest totalling 6,980,000 shares, a decrease of 26.0% from the May 15th total of 9,430,000 shares. Based on an average trading volume of 81,924,500 shares, the short-interest ratio is currently 0.1 days. Currently, 9.4% of the company’s shares are short sold.

Institutional Trading of Direxion Daily S&P 500 Bear 3X Shares

Hedge funds have recently made changes to their positions in the business. SouthState Corp purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth approximately $28,000. JFS Wealth Advisors LLC increased its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 28.0% during the first quarter. JFS Wealth Advisors LLC now owns 6,400 shares of the company’s stock worth $46,000 after acquiring an additional 1,400 shares during the period. Banque Transatlantique SA acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the first quarter valued at $71,000. Avalon Capital Management purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the first quarter valued at $80,000. Finally, Rathbones Group PLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth $98,000.

Direxion Daily S&P 500 Bear 3X Shares Stock Performance

Shares of Direxion Daily S&P 500 Bear 3X Shares stock opened at $5.27 on Friday. The business has a 50-day moving average of $6.02 and a 200 day moving average of $6.27. Direxion Daily S&P 500 Bear 3X Shares has a 12 month low of $5.06 and a 12 month high of $10.67.

About Direxion Daily S&P 500 Bear 3X Shares

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.