Direxion Daily S&P 500 Bear 3X Shares (SPXS) Shares Gap Up to $21.29

Shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) gapped up before the market opened on Tuesday . The stock had previously closed at $21.58, but opened at $21.29. Direxion Daily S&P 500 Bear 3X Shares shares last traded at $20.45, with a volume of 573103 shares traded.

A number of large investors have recently modified their holdings of SPXS. JPMorgan Chase & Co. increased its stake in Direxion Daily S&P 500 Bear 3X Shares by 92.8% during the first quarter. JPMorgan Chase & Co. now owns 1,610 shares of the company’s stock worth $34,000 after purchasing an additional 775 shares during the period. Two Sigma Securities LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth about $440,000. Simplex Trading LLC increased its stake in Direxion Daily S&P 500 Bear 3X Shares by 23.0% during the first quarter. Simplex Trading LLC now owns 27,070 shares of the company’s stock worth $564,000 after purchasing an additional 5,058 shares during the period. Morgan Stanley increased its stake in Direxion Daily S&P 500 Bear 3X Shares by 426.6% during the first quarter. Morgan Stanley now owns 39,506 shares of the company’s stock worth $824,000 after purchasing an additional 32,004 shares during the period. Finally, IMC Chicago LLC purchased a new stake in Direxion Daily S&P 500 Bear 3X Shares during the first quarter worth about $973,000.

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About Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

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.

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