Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Short Interest Update

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 1,731,976 shares, a decrease of 20.1% from the February 12th total of 2,168,571 shares. Approximately 18.9% of the shares of the stock are sold short. Based on an average daily volume of 10,743,385 shares, the days-to-cover ratio is currently 0.2 days. Based on an average daily volume of 10,743,385 shares, the days-to-cover ratio is currently 0.2 days. Approximately 18.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Jump Financial LLC purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the second quarter worth about $1,537,000. IMC Chicago LLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth approximately $8,967,000. Tower Research Capital LLC TRC raised its position in Direxion Daily S&P 500 Bear 3X Shares by 174.4% during the second quarter. Tower Research Capital LLC TRC now owns 107,891 shares of the company’s stock valued at $506,000 after purchasing an additional 68,566 shares during the period. Virtu Financial LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares during the third quarter valued at approximately $1,790,000. Finally, Daytona Street Capital LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at approximately $1,376,000.

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

SPXS stock traded down $1.17 during trading on Monday, hitting $38.04. 16,596,276 shares of the company’s stock traded hands, compared to its average volume of 13,103,133. Direxion Daily S&P 500 Bear 3X Shares has a 52 week low of $33.29 and a 52 week high of $106.70. The business has a fifty day simple moving average of $35.11 and a 200 day simple moving average of $36.58.

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.