Headlands Technologies LLC Decreases Stock Position in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

Headlands Technologies LLC cut its holdings in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) by 17.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 34,679 shares of the company’s stock after selling 7,466 shares during the quarter. Headlands Technologies LLC’s holdings in Direxion Daily S&P 500 Bear 3X Shares were worth $401,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SPXS. Castleview Partners LLC raised its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 25.0% in the third quarter. Castleview Partners LLC now owns 12,500 shares of the company’s stock worth $197,000 after purchasing an additional 2,500 shares during the last quarter. QCM Cayman Ltd. purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the third quarter worth about $222,000. PayPay Securities Corp raised its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 96.7% in the third quarter. PayPay Securities Corp now owns 9,399 shares of the company’s stock worth $148,000 after purchasing an additional 4,620 shares during the last quarter. Simplex Trading LLC raised its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 257.2% in the third quarter. Simplex Trading LLC now owns 186,768 shares of the company’s stock worth $2,947,000 after purchasing an additional 134,480 shares during the last quarter. Finally, Larson Financial Group LLC raised its stake in shares of Direxion Daily S&P 500 Bear 3X Shares by 641.7% in the third quarter. Larson Financial Group LLC now owns 24,357 shares of the company’s stock worth $384,000 after purchasing an additional 21,073 shares during the last quarter.

Direxion Daily S&P 500 Bear 3X Shares Trading Down 2.7 %

Shares of NYSEARCA:SPXS traded down $0.27 during trading on Friday, hitting $9.61. The stock had a trading volume of 26,273,082 shares, compared to its average volume of 27,913,195. Direxion Daily S&P 500 Bear 3X Shares has a 12-month low of $8.65 and a 12-month high of $18.62. The stock has a 50-day simple moving average of $9.42 and a two-hundred day simple moving average of $11.67.

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.