Lazari Capital Management Inc. Has $216,000 Stock Holdings in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

Lazari Capital Management Inc. lessened its holdings in shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) by 33.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,550 shares of the company’s stock after selling 16,600 shares during the quarter. Lazari Capital Management Inc.’s holdings in Direxion Daily S&P 500 Bear 3X Shares were worth $216,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Embree Financial Group bought a new stake in Direxion Daily S&P 500 Bear 3X Shares in the third quarter worth $99,000. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter worth about $173,000. QCM Cayman Ltd. bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 1st quarter worth about $153,000. Headlands Technologies LLC bought a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter worth about $281,000. Finally, Renaissance Technologies LLC acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 2nd quarter valued at about $655,000.

Direxion Daily S&P 500 Bear 3X Shares Stock Performance

SPXS opened at $6.37 on Wednesday. The business has a 50 day moving average price of $7.03 and a 200 day moving average price of $7.98. Direxion Daily S&P 500 Bear 3X Shares has a twelve month low of $6.27 and a twelve month high of $18.09.

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.