Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD) Shares Down 4.5%

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Shares of Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD) fell 4.5% during trading on Friday . The company traded as low as $18.91 and last traded at $19.10, 69,118 shares traded hands during trading. A decline of 98% from the average session volume of 3,258,590 shares. The stock had previously closed at $20.01.

The business’s 50 day moving average price is $22.41 and its 200-day moving average price is $21.36.

Institutional investors have recently added to or reduced their stakes in the company. XR Securities LLC purchased a new stake in shares of Direxion Daily S&P Biotech Bear 3x Shares in the 3rd quarter valued at approximately $225,000. Simplex Trading LLC raised its stake in shares of Direxion Daily S&P Biotech Bear 3x Shares by 74.9% in the 2nd quarter. Simplex Trading LLC now owns 35,592 shares of the company’s stock valued at $641,000 after acquiring an additional 15,243 shares during the period. Tower Research Capital LLC TRC raised its stake in shares of Direxion Daily S&P Biotech Bear 3x Shares by 864.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 43,210 shares of the company’s stock valued at $1,094,000 after acquiring an additional 38,732 shares during the period. Finally, Morgan Stanley raised its stake in shares of Direxion Daily S&P Biotech Bear 3x Shares by 0.9% in the 2nd quarter. Morgan Stanley now owns 436,340 shares of the company’s stock valued at $7,863,000 after acquiring an additional 4,008 shares during the period.

Further Reading: Most Volatile Stocks – What Investors Need to Know to Maximize ROI

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