PNC Financial Services Group Inc. Invests $241,000 in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares (NYSEARCA:DRIP)

PNC Financial Services Group Inc. bought a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares (NYSEARCA:DRIP) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 22,125 shares of the company’s stock, valued at approximately $241,000. PNC Financial Services Group Inc. owned 0.35% of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares as of its most recent filing with the SEC.

Separately, SBI Securities Co. Ltd. acquired a new position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares during the 4th quarter worth approximately $35,000.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares Price Performance

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares stock opened at $10.86 on Friday. The stock’s 50 day moving average price is $10.59 and its 200 day moving average price is $10.66. Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares has a one year low of $7.87 and a one year high of $13.38.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares Profile

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.