In today’s session Direxion Daily Large Cap Bear 3X Shares (SPXS) registered an unusually high (1,312) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious SPXS increase. With 1,312 contracts traded and 30994 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: SPXS170120C00012000 closed last at: $1.85 or 23.3% up. Direxion Daily Large Cap Bear 3X Shares (NYSEARCA:SPXS) has declined 11.24% since April 1, 2016 and is downtrending. It has underperformed by 12.45% the S&P500.
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 of the price performance of the S&P 500 Index. The company has a market cap of $484.42 million. The S&P 500 Index is a capitalization-weighted index composed of 500 domestic common stocks. It currently has negative earnings. Standard & Poor’s selects the 500 stocks comprising the Index on the basis of market values and industry diversification.
More important recent Direxion Daily Large Cap Bear 3X Shares (NYSEARCA:SPXS) news were published by: Etfdailynews.com which released: “Direxion Announces Modifications To 8 ETFs (BGU, BGZ, MWJ, MWN, TYH, TYP, ERX …” on June 07, 2012, also Etfdailynews.com published article titled: “Time To Buy Small Caps? [Direxion Daily Small Cap Bear 3X Shares, Direxion …”, Marketwatch.com published: “Direxion Daily Junior Gold Miners Index Bear 3X Shares” on October 09, 2013. More interesting news about Direxion Daily Large Cap Bear 3X Shares (NYSEARCA:SPXS) was released by: Etftrends.com and their article: “New ETFs Take a Bold Approach to China A-Shares” with publication date: April 14, 2015.
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