Short Interest in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Rises By 46.5%

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) was the target of a significant growth in short interest in the month of February. As of February 13th, there was short interest totaling 2,168,571 shares, a growth of 46.5% from the January 29th total of 1,479,980 shares. Based on an average trading volume of 10,990,388 shares, the days-to-cover ratio is presently 0.2 days. Approximately 23.6% of the shares of the company are short sold. Approximately 23.6% of the shares of the company are short sold. Based on an average trading volume of 10,990,388 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Investors Weigh In On Direxion Daily S&P 500 Bear 3X Shares

A number of institutional investors have recently added to or reduced their stakes in SPXS. PayPay Securities Corp raised its holdings in Direxion Daily S&P 500 Bear 3X Shares by 145.2% in the 4th quarter. PayPay Securities Corp now owns 3,008 shares of the company’s stock valued at $107,000 after acquiring an additional 1,781 shares in the last quarter. BTG Pactual Asset Management US LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the third quarter valued at approximately $220,000. Global Retirement Partners LLC raised its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 12,458.3% in the third quarter. Global Retirement Partners LLC now owns 6,028 shares of the company’s stock valued at $229,000 after purchasing an additional 5,980 shares in the last quarter. Kiker Wealth Management LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares in the third quarter worth $228,000. Finally, SBI Securities Co. Ltd. boosted its stake in Direxion Daily S&P 500 Bear 3X Shares by 2.9% during the second quarter. SBI Securities Co. Ltd. now owns 257,051 shares of the company’s stock worth $1,206,000 after buying an additional 7,222 shares in the last quarter.

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

Direxion Daily S&P 500 Bear 3X Shares stock traded up $0.53 during mid-day trading on Friday, reaching $35.20. The company had a trading volume of 15,333,810 shares, compared to its average volume of 9,518,919. The company has a 50 day moving average of $34.64 and a 200-day moving average of $37.04. Direxion Daily S&P 500 Bear 3X Shares has a 52 week low of $33.29 and a 52 week high of $106.70.

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. Most of the stocks in the Index are issued by the 500 largest companies, in terms of the aggregate market value of their outstanding stock, and generally are listed on the New York Stock Exchange.