Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares (NYSEARCA:DRIP) Short Interest Update

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares (NYSEARCA:DRIP) saw a significant decrease in short interest in the month of December. As of December 15th, there was short interest totaling 254,738 shares, a decrease of 48.8% from the November 30th total of 497,914 shares. Approximately 4.8% of the company’s shares are short sold. Based on an average daily volume of 3,884,919 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 3,884,919 shares, the short-interest ratio is presently 0.1 days. Approximately 4.8% of the company’s shares are short sold.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares Trading Down 2.3%

Shares of DRIP stock traded down $0.21 during trading on Monday, reaching $8.99. The company’s stock had a trading volume of 2,932,595 shares, compared to its average volume of 3,028,100. The stock’s 50-day moving average price is $8.75 and its 200 day moving average price is $9.03. Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares has a 1-year low of $7.54 and a 1-year high of $17.48.

Institutional Trading of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares

A number of large investors have recently modified their holdings of the stock. Virtu Financial LLC raised its stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 65.7% in the third quarter. Virtu Financial LLC now owns 213,277 shares of the company’s stock valued at $1,826,000 after acquiring an additional 84,538 shares in the last quarter. Group One Trading LLC increased its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 38.7% during the 3rd quarter. Group One Trading LLC now owns 6,625 shares of the company’s stock worth $57,000 after purchasing an additional 1,850 shares during the period. JPMorgan Chase & Co. increased its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 5,977.8% during the 3rd 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. Tower Research Capital LLC TRC raised its position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 9.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 54,505 shares of the company’s stock valued at $533,000 after purchasing an additional 4,826 shares in the last quarter. Finally, Simplex Trading LLC purchased a new position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares in the 2nd quarter valued at about $26,000.

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

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.