Direxion Daily Natural Gas Related Bull 3X Shares (NYSEARCA:GASL) Stock Price Down 2.2%

Direxion Daily Natural Gas Related Bull 3X Shares (NYSEARCA:GASL)’s stock price dropped 2.2% on Monday . The stock traded as low as $5.86 and last traded at $5.74, approximately 377,658 shares were traded during trading. A decline of 44% from the average daily volume of 676,617 shares. The stock had previously closed at $5.87.

The firm’s 50 day moving average is $6.95 and its 200-day moving average is $9.24.

A number of hedge funds have recently added to or reduced their stakes in GASL. U S Global Investors Inc. purchased a new stake in shares of Direxion Daily Natural Gas Related Bull 3X Shares in the second quarter valued at approximately $31,000. Simplex Trading LLC raised its stake in shares of Direxion Daily Natural Gas Related Bull 3X Shares by 126.7% during the 3rd quarter. Simplex Trading LLC now owns 7,754 shares of the company’s stock worth $70,000 after buying an additional 4,334 shares during the period. Finally, Citadel Advisors LLC raised its stake in shares of Direxion Daily Natural Gas Related Bull 3X Shares by 52.3% during the 2nd quarter. Citadel Advisors LLC now owns 19,038 shares of the company’s stock worth $415,000 after buying an additional 6,538 shares during the period.

About Direxion Daily Natural Gas Related Bull 3X Shares (NYSEARCA:GASL)

Direxion Daily Natural Gas Related Bull 3X Shares seeks daily investment results of 300% of the performance of the ISE Revere Natural Gas Index (the Index). The ISE-REVERE Natural Gas Index has been created to provide investors with a product allowing them to quickly take advantage of both event-driven news and long term trends in the natural gas industry.

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