Virtu Financial LLC bought a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares (NYSEARCA:DRIP – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 80,136 shares of the company’s stock, valued at approximately $767,000. Virtu Financial LLC owned approximately 1.27% of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. Csenge Advisory Group increased its holdings in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 121.5% in the first quarter. Csenge Advisory Group now owns 79,016 shares of the company’s stock worth $681,000 after buying an additional 43,350 shares during the period. U S Global Investors Inc. purchased a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares in the 2nd quarter worth approximately $42,000. Finally, Gunderson Capital Management Inc. bought a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares in the second quarter valued at approximately $96,000.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares Stock Performance
Shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares stock opened at $11.09 on Friday. Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares has a 52-week low of $7.86 and a 52-week high of $13.19. The company’s 50 day moving average price is $10.71 and its 200-day moving average price is $9.78.
About Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares
The Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (DRIP) is an exchange-traded fund that mostly invests in energy equity. The fund provides 2x inverse daily exposure to an equal-weighted index of the largest oil and gas exploration and production companies in the US. DRIP was launched on May 28, 2015 and is managed by Direxion.
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