StoneX Group Inc. purchased a new stake in Direxion Daily S&P 500 Bear 3X ETF (NYSEARCA:SPXS – Free Report) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 58,571 shares of the company’s stock, valued at approximately $1,488,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Royal Bank of Canada purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X ETF in the first quarter worth about $81,000. PayPay Securities Corp grew its holdings in Direxion Daily S&P 500 Bear 3X ETF by 242.3% during the second quarter. PayPay Securities Corp now owns 4,836 shares of the company’s stock worth $128,000 after acquiring an additional 3,423 shares during the period. Guardian Partners Inc. purchased a new position in Direxion Daily S&P 500 Bear 3X ETF during the first quarter valued at approximately $203,000. IFP Advisors Inc raised its position in Direxion Daily S&P 500 Bear 3X ETF by 53,233.3% during the third quarter. IFP Advisors Inc now owns 8,000 shares of the company’s stock valued at $198,000 after acquiring an additional 7,985 shares in the last quarter. Finally, Ramsey Quantitative Systems purchased a new position in shares of Direxion Daily S&P 500 Bear 3X ETF during the 3rd quarter valued at approximately $256,000.
Direxion Daily S&P 500 Bear 3X ETF Stock Performance
SPXS stock opened at $25.62 on Tuesday. The firm’s fifty day moving average is $24.69 and its 200 day moving average is $29.18. Direxion Daily S&P 500 Bear 3X ETF has a one year low of $23.04 and a one year high of $44.83.
Direxion Daily S&P 500 Bear 3X ETF Company 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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.
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Want to see what other hedge funds are holding SPXS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily S&P 500 Bear 3X ETF (NYSEARCA:SPXS – Free Report).
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