AllSquare Wealth Management LLC Invests $78,000 in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

AllSquare Wealth Management LLC purchased a new position in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 4,250 shares of the company’s stock, valued at approximately $78,000.

Other large investors also recently modified their holdings of the company. Hartline Investment Corp bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the second quarter valued at about $10,743,000. Tuttle Tactical Management bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter valued at approximately $2,639,000. Simplex Trading LLC grew its position in shares of Direxion Daily S&P 500 Bear 3X Shares by 191.8% during the 2nd quarter. Simplex Trading LLC now owns 78,979 shares of the company’s stock valued at $1,451,000 after acquiring an additional 51,909 shares during the period. Bluestein R H & Co. bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter valued at approximately $446,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 312.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 6,645 shares of the company’s stock worth $124,000 after purchasing an additional 5,035 shares during the last quarter.

Shares of NYSEARCA:SPXS traded up $0.03 during mid-day trading on Monday, reaching $17.22. The company had a trading volume of 32,317 shares, compared to its average volume of 7,034,778. The company’s 50-day moving average price is $18.35 and its 200-day moving average price is $19.61. Direxion Daily S&P 500 Bear 3X Shares has a one year low of $16.84 and a one year high of $38.49.

Direxion Daily S&P 500 Bear 3X Shares Profile

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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Institutional Ownership by Quarter for Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

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