Lazari Capital Management Inc. Increases Position in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

Lazari Capital Management Inc. increased its stake in shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) by 21.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 57,000 shares of the company’s stock after buying an additional 10,100 shares during the quarter. Lazari Capital Management Inc.’s holdings in Direxion Daily S&P 500 Bear 3X Shares were worth $406,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at $4,872,000. SBI Securities Co. Ltd. purchased a new position in Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth about $1,263,000. Charter Oak Capital Management LLC lifted its position in Direxion Daily S&P 500 Bear 3X Shares by 90.6% in the first quarter. Charter Oak Capital Management LLC now owns 151,365 shares of the company’s stock valued at $1,078,000 after purchasing an additional 71,933 shares during the period. Cadent Capital Advisors LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 1st quarter valued at approximately $659,000. Finally, Tower Research Capital LLC TRC increased its position in Direxion Daily S&P 500 Bear 3X Shares by 491.1% during the 4th quarter. Tower Research Capital LLC TRC now owns 73,700 shares of the company’s stock worth $463,000 after purchasing an additional 61,232 shares during the period.

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

SPXS opened at $5.15 on Tuesday. Direxion Daily S&P 500 Bear 3X Shares has a 12 month low of $5.03 and a 12 month high of $10.67. The business has a 50 day simple moving average of $5.94 and a 200-day simple moving average of $6.27.

Direxion Daily S&P 500 Bear 3X Shares Profile

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.