Virtu Financial LLC Sells 103,424 Shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares $DRIP

Virtu Financial LLC lowered its position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares (NYSEARCA:DRIP) by 48.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 109,853 shares of the company’s stock after selling 103,424 shares during the quarter. Virtu Financial LLC’s holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares were worth $993,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Group One Trading LLC boosted its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 38.7% in the third quarter. Group One Trading LLC now owns 6,625 shares of the company’s stock valued at $57,000 after acquiring an additional 1,850 shares during the last quarter. JPMorgan Chase & Co. increased its position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 5,977.8% in the third quarter. JPMorgan Chase & Co. now owns 4,923 shares of the company’s stock worth $42,000 after purchasing an additional 4,842 shares during the period. Finally, Tower Research Capital LLC TRC raised its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 9.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 54,505 shares of the company’s stock worth $533,000 after purchasing an additional 4,826 shares during the last quarter.

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 $5.50 on Monday. Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares has a 1 year low of $3.77 and a 1 year high of $10.42. The company’s 50-day moving average is $4.72 and its two-hundred day moving average is $6.15.

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.