Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) Stake Raised by Charter Oak Capital Management LLC

Charter Oak Capital Management LLC boosted its holdings in shares of Direxion Daily S&P 500 Bear 3X Shares (NYSEARCA:SPXS) by 639.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 79,432 shares of the company’s stock after acquiring an additional 68,691 shares during the quarter. Charter Oak Capital Management LLC owned 0.14% of Direxion Daily S&P 500 Bear 3X Shares worth $499,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Foundations Investment Advisors LLC acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the fourth quarter worth approximately $375,000. Patriot Investment Management Group Inc. acquired a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter valued at $126,000. AFG Fiduciary Services Limited Partnership purchased a new position in shares of Direxion Daily S&P 500 Bear 3X Shares during the 4th quarter valued at $178,000. XTX Topco Ltd acquired a new position in shares of Direxion Daily S&P 500 Bear 3X Shares in the third quarter worth $101,000. Finally, Embree Financial Group purchased a new stake in shares of Direxion Daily S&P 500 Bear 3X Shares during the third quarter worth $99,000.

Direxion Daily S&P 500 Bear 3X Shares Price Performance

SPXS opened at $5.88 on Tuesday. Direxion Daily S&P 500 Bear 3X Shares has a 1 year low of $5.58 and a 1 year high of $11.14. The stock has a fifty day moving average price of $6.00 and a 200 day moving average price of $6.74.

About Direxion Daily S&P 500 Bear 3X Shares

Direxion Daily S&P 500 Bear 3X Shares ETF, formerly Direxion Daily S&P 500 Bear 3X Shares, seeks daily investment results of 300% of the inverse (or opposite) of the price performance of the S&P 500 Index. The S&P 500 Index is a capitalization-weighted index composed of 500 domestic common stocks. Standard & Poor’s selects the 500 stocks comprising the Index on the basis of market values and industry diversification.