Foundations Investment Advisors LLC Makes New $375,000 Investment in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS)

Foundations Investment Advisors LLC acquired a new position in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) in the 4th quarter, HoldingsChannel reports. The firm acquired 59,721 shares of the company’s stock, valued at approximately $375,000.

Other large investors also recently modified their holdings of the company. XTX Topco Ltd purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the 3rd quarter worth approximately $101,000. Patriot Investment Management Group Inc. bought a new stake in Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth $126,000. Embree Financial Group purchased a new position in Direxion Daily S&P 500 Bear 3X Shares in the third quarter worth $99,000. Renaissance Technologies LLC bought a new position in Direxion Daily S&P 500 Bear 3X Shares in the 2nd quarter valued at $655,000. Finally, AFG Fiduciary Services Limited Partnership purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter valued at $178,000.

Direxion Daily S&P 500 Bear 3X Shares Stock Down 1.4 %

Shares of SPXS stock opened at $5.74 on Friday. Direxion Daily S&P 500 Bear 3X Shares has a 52 week low of $5.58 and a 52 week high of $11.14. The firm’s 50-day simple moving average is $5.97 and its two-hundred day simple moving average is $6.71.

Direxion Daily S&P 500 Bear 3X Shares Company 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.