IMC Chicago LLC Takes $181,000 Position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares $DRIP

IMC Chicago LLC purchased a new stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares (NYSEARCA:DRIP) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 43,770 shares of the company’s stock, valued at approximately $181,000. IMC Chicago LLC owned approximately 0.16% of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DRIP. Group One Trading LLC lifted its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 123.5% in the 2nd quarter. Group One Trading LLC now owns 4,775 shares of the company’s stock worth $47,000 after buying an additional 2,639 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 5,977.8% during the third quarter. JPMorgan Chase & Co. now owns 4,923 shares of the company’s stock valued at $42,000 after acquiring an additional 4,842 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 9.7% during the second quarter. Tower Research Capital LLC TRC now owns 54,505 shares of the company’s stock valued at $533,000 after acquiring an additional 4,826 shares in the last quarter. Finally, Virtu Financial LLC increased its position in shares of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares by 65.7% during the third quarter. Virtu Financial LLC now owns 213,277 shares of the company’s stock worth $1,826,000 after acquiring an additional 84,538 shares during the last quarter.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares Trading Down 1.9%

NYSEARCA:DRIP opened at $45.61 on Friday. Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2x Shares has a one year low of $37.70 and a one year high of $104.22. The business’s 50-day simple moving average is $48.65 and its 200 day simple moving average is $56.77.

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.