Shares of Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report) gapped up prior to trading on Wednesday . The stock had previously closed at $79.31, but opened at $84.97. Direxion Daily S&P Biotech Bull 3x Shares shares last traded at $86.15, with a volume of 1,027,514 shares traded.
Direxion Daily S&P Biotech Bull 3x Shares Stock Up 3.3 %
The company’s 50 day simple moving average is $108.63 and its 200 day simple moving average is $121.63.
Hedge Funds Weigh In On Direxion Daily S&P Biotech Bull 3x Shares
A number of hedge funds have recently made changes to their positions in LABU. Tidal Investments LLC acquired a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 3rd quarter valued at $9,012,000. Bank of New York Mellon Corp acquired a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 2nd quarter valued at $596,000. JPMorgan Chase & Co. lifted its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares by 129.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,851 shares of the company’s stock valued at $625,000 after acquiring an additional 2,735 shares in the last quarter. B. Riley Wealth Advisors Inc. acquired a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 3rd quarter valued at $279,000. Finally, SG Americas Securities LLC lifted its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares by 49.3% during the 3rd quarter. SG Americas Securities LLC now owns 3,199 shares of the company’s stock valued at $412,000 after acquiring an additional 1,057 shares in the last quarter.
Direxion Daily S&P Biotech Bull 3x Shares Company Profile
The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion.
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