Direxion Daily S&P 500 Bear 3X Shares Target of Unusually Large Options Trading (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) saw unusually large options trading activity on Tuesday. Investors acquired 34,310 call options on the stock. This is an increase of approximately 20% compared to the average daily volume of 28,685 call options.

Direxion Daily S&P 500 Bear 3X Shares Stock Up 2.9 %

NYSEARCA SPXS traded up $0.19 on Tuesday, reaching $6.61. The stock had a trading volume of 64,699,155 shares, compared to its average volume of 69,774,813. Direxion Daily S&P 500 Bear 3X Shares has a 12-month low of $5.55 and a 12-month high of $10.45. The stock has a fifty day moving average price of $5.95 and a two-hundred day moving average price of $6.36.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SPXS. Virtu Financial LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth approximately $4,872,000. SBI Securities Co. Ltd. acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at $1,263,000. Charter Oak Capital Management LLC increased its holdings in shares of Direxion Daily S&P 500 Bear 3X Shares by 639.5% in the 4th quarter. Charter Oak Capital Management LLC now owns 79,432 shares of the company’s stock valued at $499,000 after acquiring an additional 68,691 shares during the period. Tower Research Capital LLC TRC raised its position in Direxion Daily S&P 500 Bear 3X Shares by 491.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 73,700 shares of the company’s stock valued at $463,000 after purchasing an additional 61,232 shares during the last quarter. Finally, Foundations Investment Advisors LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth $375,000.

About Direxion Daily S&P 500 Bear 3X Shares

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.