Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU – Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $69.61 and last traded at $74.61, with a volume of 1298234 shares traded. The stock had previously closed at $75.01.
Direxion Daily S&P Biotech Bull 3x Shares Trading Down 0.5 %
The firm’s 50-day simple moving average is $88.61 and its 200 day simple moving average is $110.22.
Institutional Investors Weigh In On Direxion Daily S&P Biotech Bull 3x Shares
A number of institutional investors have recently made changes to their positions in LABU. Dunhill Financial LLC acquired a new position in Direxion Daily S&P Biotech Bull 3x Shares during the third quarter valued at approximately $46,000. Tidal Investments LLC bought a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares during the third quarter worth $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. JPMorgan Chase & Co. increased its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 129.3% in the 3rd 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. Finally, SG Americas Securities LLC increased its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 6.0% in the 4th quarter. SG Americas Securities LLC now owns 3,392 shares of the company’s stock valued at $305,000 after buying an additional 193 shares in the last quarter.
Direxion Daily S&P Biotech Bull 3x Shares Company Profile
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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