Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares (NYSEARCA:DRIP – Get Free Report) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 361,600 shares, an increase of 48.0% from the September 15th total of 244,300 shares. Based on an average daily volume of 3,132,600 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 3,132,600 shares, the short-interest ratio is presently 0.1 days.
Institutional Trading of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares
Several large investors have recently made changes to their positions in the company. Group One Trading LLC boosted its position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 123.5% during the 2nd quarter. Group One Trading LLC now owns 4,775 shares of the company’s stock worth $47,000 after acquiring an additional 2,639 shares in the last quarter. Simplex Trading LLC acquired a new stake in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares in the second quarter valued at approximately $26,000. Finally, Tower Research Capital LLC TRC boosted its position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 9.7% in the second quarter. Tower Research Capital LLC TRC now owns 54,505 shares of the company’s stock valued at $533,000 after buying an additional 4,826 shares in the last quarter.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares Stock Performance
Shares of NYSEARCA:DRIP opened at $8.76 on Friday. The company’s 50 day moving average price is $8.99 and its two-hundred day moving average price is $10.10. Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares has a 12-month low of $7.72 and a 12-month high of $17.48.
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.
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