Direxion Daily Natural Gas Related Bull 3X Shares (NYSEARCA:GASL) Trading Up 11.1%

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Direxion Daily Natural Gas Related Bull 3X Shares (NYSEARCA:GASL)’s stock price were up 11.1% during mid-day trading on Wednesday . The stock traded as high as $6.23 and last traded at $6.12, approximately 2,897,102 shares traded hands during mid-day trading. An increase of 307% from the average daily volume of 711,631 shares. The stock had previously closed at $5.51.

The stock has a fifty day moving average price of $6.91 and a 200 day moving average price of $9.23.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Simplex Trading LLC increased its position in Direxion Daily Natural Gas Related Bull 3X Shares by 126.7% during the third quarter. Simplex Trading LLC now owns 7,754 shares of the company’s stock valued at $70,000 after acquiring an additional 4,334 shares during the last quarter. U S Global Investors Inc. bought a new stake in shares of Direxion Daily Natural Gas Related Bull 3X Shares in the 2nd quarter worth about $31,000. Finally, Citadel Advisors LLC boosted 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 purchasing 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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