Gimbal Financial Invests $110,000 in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

Gimbal Financial bought a new position in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 17,500 shares of the company’s stock, valued at approximately $110,000.

Several other hedge funds and other institutional investors have also bought and sold shares of SPXS. PayPay Securities Corp boosted its stake in Direxion Daily S&P 500 Bear 3X Shares by 128.3% in the fourth quarter. PayPay Securities Corp now owns 7,158 shares of the company’s stock worth $45,000 after buying an additional 4,023 shares in the last quarter. XTX Topco Ltd bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the third quarter valued at approximately $101,000. Patriot Investment Management Group Inc. bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at approximately $126,000. AFG Fiduciary Services Limited Partnership bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at approximately $178,000. Finally, Lazari Capital Management Inc. lifted its position in Direxion Daily S&P 500 Bear 3X Shares by 44.1% in the fourth quarter. Lazari Capital Management Inc. now owns 46,900 shares of the company’s stock valued at $295,000 after purchasing an additional 14,350 shares during the last quarter.

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

Shares of Direxion Daily S&P 500 Bear 3X Shares stock opened at $5.59 on Wednesday. The business has a 50 day moving average of $5.95 and a 200 day moving average of $6.53. Direxion Daily S&P 500 Bear 3X Shares has a 52 week low of $5.58 and a 52 week high of $10.51.

Direxion Daily S&P 500 Bear 3X Shares 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.