Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) Shares Gap Up – What’s Next?

Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) shares gapped up prior to trading on Monday . The stock had previously closed at $206.86, but opened at $221.39. Direxion Daily S&P Biotech Bull 3x Shares shares last traded at $228.66, with a volume of 313,538 shares.

Direxion Daily S&P Biotech Bull 3x Shares Stock Performance

The business has a 50 day simple moving average of $183.93 and a 200-day simple moving average of $171.36.

Institutional Trading of Direxion Daily S&P Biotech Bull 3x Shares

Several institutional investors have recently modified their holdings of LABU. Qube Research & Technologies Ltd bought a new position in Direxion Daily S&P Biotech Bull 3x Shares during the second quarter valued at about $26,000. Headlands Technologies LLC acquired a new position in Direxion Daily S&P Biotech Bull 3x Shares during the second quarter worth about $69,000. Covestor Ltd bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the fourth quarter worth about $71,000. Halbert Hargrove Global Advisors LLC bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the first quarter worth about $166,000. Finally, Bank of America Corp DE lifted its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 134.2% in the 3rd quarter. Bank of America Corp DE now owns 2,476 shares of the company’s stock valued at $232,000 after acquiring an additional 1,419 shares during 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.