Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report) shares were down 8.8% during mid-day trading on Friday . The company traded as low as $105.81 and last traded at $107.80. Approximately 651,641 shares changed hands during mid-day trading, a decline of 66% from the average daily volume of 1,939,834 shares. The stock had previously closed at $118.16.
Direxion Daily S&P Biotech Bull 3x Shares Stock Down 13.1 %
The stock’s fifty day moving average price is $128.68 and its two-hundred day moving average price is $122.89.
Hedge Funds Weigh In On Direxion Daily S&P Biotech Bull 3x Shares
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in Direxion Daily S&P Biotech Bull 3x Shares in the third quarter worth about $43,000. Headlands Technologies LLC bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the second quarter valued at approximately $68,000. SG Americas Securities LLC lifted its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares by 82.8% in the second quarter. SG Americas Securities LLC now owns 2,142 shares of the company’s stock worth $243,000 after buying an additional 970 shares in the last quarter. Foundations Investment Advisors LLC boosted its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 25.3% during the second quarter. Foundations Investment Advisors LLC now owns 4,087 shares of the company’s stock worth $464,000 after acquiring an additional 825 shares during the last quarter. Finally, McGuire Investment Group LLC grew its stake in Direxion Daily S&P Biotech Bull 3x Shares by 3.9% during the third quarter. McGuire Investment Group LLC now owns 4,633 shares of the company’s stock valued at $596,000 after acquiring an additional 175 shares in the last quarter.
Direxion Daily S&P Biotech Bull 3x Shares Company Profile
The Direxion Daily S&P Biotech Bull 3X Shares (LABU) is an exchange-traded fund that is based on the S&P Biotechnology Select Industry index. The fund provides daily 3 times exposure to the S&P Biotechnology Select Industry Index. LABU was launched on May 28, 2015 and is managed by Direxion.
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