Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) Hits New 12-Month High – What’s Next?

Direxion Daily S&P Biotech Bull 3x Shares (NYSEARCA:LABU) shares hit a new 52-week high on Wednesday . The company traded as high as $243.00 and last traded at $235.21, with a volume of 559464 shares trading hands. The stock had previously closed at $230.01.

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

The firm has a fifty day moving average price of $186.14 and a two-hundred day moving average price of $172.47.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new position in Direxion Daily S&P Biotech Bull 3x Shares in the second quarter worth about $26,000. Headlands Technologies LLC purchased a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 2nd quarter valued at about $69,000. Covestor Ltd purchased a new stake in shares of Direxion Daily S&P Biotech Bull 3x Shares during the 4th quarter valued at about $71,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of Direxion Daily S&P Biotech Bull 3x Shares in the 1st quarter worth approximately $166,000. Finally, Bank of America Corp DE lifted its stake in shares of Direxion Daily S&P Biotech Bull 3x Shares by 134.2% in the 3rd quarter. Bank of America Corp DE now owns 2,476 shares of the company’s stock worth $232,000 after purchasing an additional 1,419 shares during the period.

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.