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

Foundations Investment Advisors LLC acquired a new stake in Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 59,721 shares of the company’s stock, valued at approximately $375,000. Foundations Investment Advisors LLC owned approximately 0.10% of Direxion Daily S&P 500 Bear 3X Shares as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in SPXS. Embree Financial Group bought a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the third quarter valued at $99,000. XTX Topco Ltd bought a new position in Direxion Daily S&P 500 Bear 3X Shares during the 3rd quarter valued at about $101,000. Patriot Investment Management Group Inc. acquired a new position in Direxion Daily S&P 500 Bear 3X Shares in the fourth quarter valued at about $126,000. AFG Fiduciary Services Limited Partnership bought a new stake in Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth about $178,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the second quarter worth approximately $655,000.

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

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

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.