Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report) shares reached a new 52-week low on Thursday . The company traded as low as $78.01 and last traded at $78.22, with a volume of 1159407 shares. The stock had previously closed at $81.36.
Direxion Daily S&P Biotech Bull 3x Shares Stock Performance
The business has a 50 day simple moving average of $91.65 and a 200-day simple moving average of $113.87.
Institutional Investors Weigh In On Direxion Daily S&P Biotech Bull 3x Shares
Several hedge funds and other institutional investors have recently bought and sold shares of LABU. JPMorgan Chase & Co. increased its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares by 129.3% in the third quarter. JPMorgan Chase & Co. now owns 4,851 shares of the company’s stock valued at $625,000 after buying an additional 2,735 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 6.0% during the fourth quarter. SG Americas Securities LLC now owns 3,392 shares of the company’s stock worth $305,000 after purchasing an additional 193 shares during the period. Tidal Investments LLC purchased a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the third quarter valued at $9,012,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 3rd quarter valued at $279,000. Finally, Dunhill Financial LLC purchased a new position in Direxion Daily S&P Biotech Bull 3x Shares in the 3rd quarter worth about $46,000.
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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