Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $79.31, but opened at $84.97. Direxion Daily S&P Biotech Bull 3x Shares shares last traded at $86.15, with a volume of 1,027,514 shares changing hands.
Direxion Daily S&P Biotech Bull 3x Shares Price Performance
The stock’s fifty day simple moving average is $108.63 and its 200-day simple moving average is $121.63.
Institutional Inflows and Outflows
A number of hedge funds have recently added to or reduced their stakes in LABU. Foundations Investment Advisors LLC increased its stake in shares of Direxion Daily S&P Biotech Bull 3x Shares by 13.0% during the 3rd quarter. Foundations Investment Advisors LLC now owns 4,617 shares of the company’s stock worth $594,000 after purchasing an additional 530 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Direxion Daily S&P Biotech Bull 3x Shares by 49.3% during the 3rd quarter. SG Americas Securities LLC now owns 3,199 shares of the company’s stock worth $412,000 after purchasing an additional 1,057 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 3rd quarter worth approximately $9,012,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the 3rd quarter worth approximately $43,000. Finally, Headlands Technologies LLC purchased a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the 2nd quarter worth approximately $68,000.
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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