Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) Trading Up 1.2%

Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU)’s stock price were up 1.2% during trading on Wednesday . The stock traded as high as $56.29 and last traded at $55.96, approximately 17,067 shares traded hands during mid-day trading. A decline of 99% from the average daily volume of 2,651,742 shares. The stock had previously closed at $55.32.

The business has a fifty day moving average of $41.68 and a 200 day moving average of $41.41.

Several hedge funds have recently added to or reduced their stakes in LABU. Gainplan LLC grew its stake in Direxion Daily S&P Biotech Bull 3x Shares by 50.0% in the third quarter. Gainplan LLC now owns 15,000 shares of the company’s stock worth $464,000 after purchasing an additional 5,000 shares in the last quarter. Hellman Jordan Management Co. Inc. MA grew its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 17.6% in the 2nd quarter. Hellman Jordan Management Co. Inc. MA now owns 100,000 shares of the company’s stock worth $5,019,000 after acquiring an additional 15,000 shares in the last quarter. Simplex Trading LLC acquired a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 3rd quarter worth approximately $367,000. Finally, Traynor Capital Management Inc. grew its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 42.6% in the 3rd quarter. Traynor Capital Management Inc. now owns 20,424 shares of the company’s stock worth $631,000 after acquiring an additional 6,100 shares in the last quarter.

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