Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (NYSEARCA:DRIP) was the recipient of a large growth in short interest in January. As of January 31st, there was short interest totalling 1,275,851 shares, a growth of 80.3% from the January 12th total of 707,555 shares. Based on an average trading volume of 1,818,164 shares, the days-to-cover ratio is presently 0.7 days.

An institutional investor recently raised its position in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares stock. Virtu Financial LLC grew its holdings in Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (NYSEARCA:DRIP) by 22.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,661 shares of the company’s stock after purchasing an additional 3,806 shares during the quarter. Virtu Financial LLC owned approximately 0.64% of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares worth $245,000 at the end of the most recent reporting period.

Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP) opened at $16.35 on Wednesday. Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares has a one year low of $9.31 and a one year high of $28.73.

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