Stock Traders Purchase Large Volume of Call Options on Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD)

Direxion Daily S&P Biotech Bear 3x Shares (NYSEARCA:LABD) was the recipient of unusually large options trading on Wednesday. Stock investors acquired 2,853 call options on the company. This represents an increase of 160% compared to the typical volume of 1,096 call options.

Hedge Funds Weigh In On Direxion Daily S&P Biotech Bear 3x Shares

Several hedge funds have recently made changes to their positions in the company. Virtu Financial LLC lifted its stake in Direxion Daily S&P Biotech Bear 3x Shares by 133.6% during the 4th quarter. Virtu Financial LLC now owns 1,300,443 shares of the company’s stock valued at $9,428,000 after acquiring an additional 743,793 shares during the period. Two Sigma Securities LLC acquired a new position in Direxion Daily S&P Biotech Bear 3x Shares during the fourth quarter valued at $444,000. Headlands Technologies LLC purchased a new stake in Direxion Daily S&P Biotech Bear 3x Shares in the fourth quarter valued at $420,000. Finally, Jump Financial LLC acquired a new stake in Direxion Daily S&P Biotech Bear 3x Shares during the 4th quarter worth about $363,000.

Direxion Daily S&P Biotech Bear 3x Shares Stock Down 8.3 %

Shares of Direxion Daily S&P Biotech Bear 3x Shares stock traded down $0.87 during trading on Wednesday, reaching $9.61. The company’s stock had a trading volume of 5,260,289 shares, compared to its average volume of 16,847,325. Direxion Daily S&P Biotech Bear 3x Shares has a 1-year low of $4.78 and a 1-year high of $11.41. The company has a 50-day simple moving average of $7.39 and a two-hundred day simple moving average of $6.65.

Direxion Daily S&P Biotech Bear 3x Shares Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th were issued a $0.0546 dividend. The ex-dividend date was Tuesday, March 25th.

Direxion Daily S&P Biotech Bear 3x Shares Company Profile