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

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

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

Direxion Daily S&P 500 Bear 3X Shares stock traded up $0.80 during mid-day trading on Thursday, hitting $7.72. 68,257,208 shares of the company’s stock were exchanged, compared to its average volume of 51,297,450. Direxion Daily S&P 500 Bear 3X Shares has a fifty-two week low of $5.55 and a fifty-two week high of $10.45. The company’s 50 day simple moving average is $6.34 and its 200-day simple moving average is $6.30.

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

The firm also recently disclosed a dividend, which was paid on Tuesday, April 1st. Investors of record on Tuesday, March 25th were given a $0.0842 dividend. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Trading of Direxion Daily S&P 500 Bear 3X Shares

A number of large investors have recently bought and sold shares of the business. PayPay Securities Corp lifted its holdings in shares of Direxion Daily S&P 500 Bear 3X Shares by 128.3% in the fourth quarter. PayPay Securities Corp now owns 7,158 shares of the company’s stock valued at $45,000 after purchasing an additional 4,023 shares in the last quarter. Rathbones Group PLC bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the 4th quarter valued at approximately $98,000. XTX Topco Ltd acquired a new position in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter worth approximately $101,000. Gimbal Financial bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter worth approximately $110,000. Finally, Waterloo Capital L.P. raised its holdings in shares of 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 valued at $116,000 after purchasing an additional 2,500 shares during the last quarter.

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.