Direxion Daily Communication Services Index Bear 3X Shares (NYSEARCA:MUTE) Trading 1.5% Higher

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Direxion Daily Communication Services Index Bear 3X Shares (NYSEARCA:MUTE)’s stock price traded up 1.5% during trading on Monday . The company traded as high as $16.53 and last traded at $16.53, 100 shares changed hands during trading. A decline of 99% from the average session volume of 7,682 shares. The stock had previously closed at $16.28.

The stock has a fifty day moving average of $16.01.

A hedge fund recently raised its stake in Direxion Daily Communication Services Index Bear 3X Shares stock. Tower Research Capital LLC TRC increased its stake in Direxion Daily Communication Services Index Bear 3X Shares (NYSEARCA:MUTE) by 8.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,177 shares of the company’s stock after purchasing an additional 649 shares during the period. Tower Research Capital LLC TRC owned 8.18% of Direxion Daily Communication Services Index Bear 3X Shares worth $139,000 at the end of the most recent reporting period.

Further Reading: How Do Front-End Loads Impact an Investment?

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