Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) Stake Raised by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC lifted its holdings in shares of Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) by 177.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,048 shares of the company’s stock after buying an additional 17,315 shares during the period. Tower Research Capital LLC TRC owned approximately 0.26% of Direxion Daily S&P Biotech Bull 3x Shares worth $2,434,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Spire Wealth Management bought a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 4th quarter worth about $68,000. SBI Securities Co. Ltd. acquired a new stake in Direxion Daily S&P Biotech Bull 3x Shares in the fourth quarter worth approximately $244,000. B. Riley Wealth Advisors Inc. bought a new position in Direxion Daily S&P Biotech Bull 3x Shares during the 3rd quarter valued at $279,000. SG Americas Securities LLC increased its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 6.0% during the 4th quarter. SG Americas Securities LLC now owns 3,392 shares of the company’s stock valued at $305,000 after purchasing an additional 193 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Direxion Daily S&P Biotech Bull 3x Shares by 129.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,851 shares of the company’s stock valued at $625,000 after purchasing an additional 2,735 shares during the period.

Direxion Daily S&P Biotech Bull 3x Shares Stock Performance

Shares of Direxion Daily S&P Biotech Bull 3x Shares stock opened at $50.08 on Wednesday. The business has a fifty day simple moving average of $67.48 and a 200-day simple moving average of $94.21. Direxion Daily S&P Biotech Bull 3x Shares has a fifty-two week low of $32.55 and a fifty-two week high of $152.60.

Direxion Daily S&P Biotech Bull 3x Shares 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.