Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) Trading 1.2% Higher

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Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU)’s share price rose 1.2% during trading on Wednesday . The stock traded as high as $56.29 and last traded at $55.96, approximately 17,067 shares traded hands during trading. A decline of 99% from the average daily volume of 2,651,742 shares. The stock had previously closed at $55.32.

The firm’s fifty day moving average price is $41.68 and its 200 day moving average price is $41.41.

Several large investors have recently made changes to their positions in the stock. Hellman Jordan Management Co. Inc. MA raised its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares by 17.6% during the second quarter. Hellman Jordan Management Co. Inc. MA now owns 100,000 shares of the company’s stock worth $5,019,000 after acquiring an additional 15,000 shares in the last quarter. Traynor Capital Management Inc. grew its stake in Direxion Daily S&P Biotech Bull 3x Shares by 42.6% in the third quarter. Traynor Capital Management Inc. now owns 20,424 shares of the company’s stock valued at $631,000 after purchasing an additional 6,100 shares in the last quarter. Gainplan LLC grew its stake in Direxion Daily S&P Biotech Bull 3x Shares by 50.0% in the third quarter. Gainplan LLC now owns 15,000 shares of the company’s stock valued at $464,000 after purchasing an additional 5,000 shares in the last quarter. Finally, Simplex Trading LLC purchased a new position in Direxion Daily S&P Biotech Bull 3x Shares in the third quarter valued at about $367,000.

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