Direxion Daily S&P 500 Bear 3X Shares (SPXS) Stock Price Up 5.7%

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Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) shares rose 5.7% on Friday . The stock traded as high as $21.63 and last traded at $21.61. Approximately 13,157,055 shares traded hands during mid-day trading, an increase of 109% from the average daily volume of 6,293,656 shares. The stock had previously closed at $20.44.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 26th. Investors of record on Wednesday, March 20th will be paid a $0.0621 dividend. This represents a $0.25 annualized dividend and a yield of 1.15%. The ex-dividend date is Tuesday, March 19th.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Annex Advisory Services LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter valued at about $214,000. Two Sigma Securities LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter valued at about $440,000. Simplex Trading LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter valued at about $677,000. Mycio Wealth Partners LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter valued at about $1,163,000. Finally, Highland Capital Management LP acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter valued at about $1,071,000.

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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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