Simplex Trading LLC increased its position in Direxion (BMV:BRZU) by 103.0% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 38,486 shares of the company’s stock after purchasing an additional 19,532 shares during the quarter. Simplex Trading LLC’s holdings in Direxion were worth $1,265,000 at the end of the most recent quarter.
Shares of BMV BRZU traded down $0.96 during midday trading on Wednesday, reaching $29.51. The firm has a 50 day moving average of $33.59. Direxion has a 1-year low of $675.11 and a 1-year high of $1,066.46.
Further Reading: What is channel trading?
Want to see what other hedge funds are holding BRZU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion (BMV:BRZU).
Receive News & Ratings for Direxion Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion and related companies with MarketBeat.com's FREE daily email newsletter.