Direxion Daily S&P 500 Bear 3X Shares Sees Unusually High Options Volume (NYSEARCA:SPXS)

Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) saw some unusual options trading activity on Thursday. Stock investors purchased 54,618 call options on the stock. This is an increase of 70% compared to the typical daily volume of 32,197 call options.

Hedge Funds Weigh In On Direxion Daily S&P 500 Bear 3X Shares

A number of large investors have recently added to or reduced their stakes in SPXS. PayPay Securities Corp increased its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 128.3% during the fourth quarter. PayPay Securities Corp now owns 7,158 shares of the company’s stock worth $45,000 after purchasing an additional 4,023 shares in the last quarter. Rathbones Group PLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter valued at about $98,000. XTX Topco Ltd purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares in the third quarter valued at about $101,000. Gimbal Financial purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at about $110,000. Finally, Waterloo Capital L.P. boosted its holdings in Direxion Daily S&P 500 Bear 3X Shares by 15.6% in the fourth quarter. Waterloo Capital L.P. now owns 18,500 shares of the company’s stock worth $116,000 after acquiring an additional 2,500 shares in the last quarter.

Direxion Daily S&P 500 Bear 3X Shares Trading Up 17.9 %

Shares of NYSEARCA:SPXS opened at $9.34 on Friday. 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 business’s fifty day simple moving average is $6.46 and its 200-day simple moving average is $6.33.

Direxion Daily S&P 500 Bear 3X Shares Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were paid a $0.0842 dividend. The ex-dividend date was Tuesday, March 25th.

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.