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

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

The company has a fifty day simple moving average of $6.95 and a 200 day simple moving average of $9.24.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC lifted its stake in shares of Direxion Daily Natural Gas Related Bull 3X Shares by 52.3% in the 2nd quarter. Citadel Advisors LLC now owns 19,038 shares of the company’s stock valued at $415,000 after purchasing an additional 6,538 shares during the period. Simplex Trading LLC lifted its stake in shares of Direxion Daily Natural Gas Related Bull 3X Shares by 126.7% in the 3rd quarter. Simplex Trading LLC now owns 7,754 shares of the company’s stock valued at $70,000 after purchasing an additional 4,334 shares during the period. Finally, U S Global Investors Inc. acquired a new position in shares of Direxion Daily Natural Gas Related Bull 3X Shares in the 2nd quarter valued at about $31,000.

Direxion Daily Natural Gas Related Bull 3X Shares Company Profile (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.

Further Reading: What does it mean to hold a stock in street name?

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