JPMorgan Chase & Co. Sells 2,527 Shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares (NYSEARCA:DRIP)

JPMorgan Chase & Co. reduced its stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares (NYSEARCA:DRIP) by 45.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,023 shares of the company’s stock after selling 2,527 shares during the period. JPMorgan Chase & Co.’s holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares were worth $34,000 as of its most recent filing with the Securities and Exchange Commission.

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

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares stock opened at $10.13 on Wednesday. The stock’s fifty day moving average price is $10.27 and its two-hundred day moving average price is $10.53. Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares has a one year low of $7.86 and a one year high of $13.08.

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