McGuire Investment Group LLC Reduces Position in Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU)

McGuire Investment Group LLC trimmed its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,513 shares of the company’s stock after selling 120 shares during the quarter. McGuire Investment Group LLC’s holdings in Direxion Daily S&P Biotech Bull 3x Shares were worth $406,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of LABU. Foundations Investment Advisors LLC increased its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 13.0% in the third quarter. Foundations Investment Advisors LLC now owns 4,617 shares of the company’s stock valued at $594,000 after buying an additional 530 shares during the last quarter. SG Americas Securities LLC increased its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 49.3% in the third quarter. SG Americas Securities LLC now owns 3,199 shares of the company’s stock valued at $412,000 after buying an additional 1,057 shares during the last quarter. Tidal Investments LLC bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the third quarter valued at about $9,012,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the third quarter valued at about $43,000. Finally, Traynor Capital Management Inc. increased its holdings in Direxion Daily S&P Biotech Bull 3x Shares by 6.7% in the third quarter. Traynor Capital Management Inc. now owns 10,763 shares of the company’s stock valued at $1,386,000 after buying an additional 674 shares during the last quarter.

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

Shares of Direxion Daily S&P Biotech Bull 3x Shares stock opened at $95.33 on Friday. The business has a 50-day moving average price of $101.77 and a 200 day moving average price of $120.39. Direxion Daily S&P Biotech Bull 3x Shares has a fifty-two week low of $78.46 and a fifty-two week high of $176.99.

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.