Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report)’s share price traded up 7.4% during trading on Monday . The stock traded as high as $123.13 and last traded at $121.83. 158,937 shares were traded during trading, a decline of 92% from the average session volume of 1,940,740 shares. The stock had previously closed at $113.42.
Direxion Daily S&P Biotech Bull 3x Shares Trading Up 5.2 %
The firm’s 50-day moving average price is $125.76 and its 200 day moving average price is $123.25.
Institutional Trading of Direxion Daily S&P Biotech Bull 3x Shares
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the third quarter worth about $43,000. Dunhill Financial LLC purchased a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the third quarter valued at approximately $46,000. Headlands Technologies LLC bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 2nd quarter worth $68,000. SG Americas Securities LLC raised its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares by 82.8% in the 2nd quarter. SG Americas Securities LLC now owns 2,142 shares of the company’s stock worth $243,000 after purchasing an additional 970 shares during the period. Finally, Foundations Investment Advisors LLC lifted its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 25.3% during the 2nd quarter. Foundations Investment Advisors LLC now owns 4,087 shares of the company’s stock valued at $464,000 after buying an additional 825 shares during the last quarter.
About Direxion Daily S&P Biotech Bull 3x Shares
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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