Direxion Daily Natural Gas Related Bull 3X Shares (NYSEARCA:GASL)’s share price were down 5% during trading on Friday . The stock traded as low as $4.11 and last traded at $4.17, approximately 3,287,639 shares were traded during trading. An increase of 52% from the average daily volume of 2,157,588 shares. The stock had previously closed at $4.39.

The firm has a 50-day moving average price of $7.27 and a 200 day moving average price of $8.29.

A number of hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC purchased a new stake in Direxion Daily Natural Gas Related Bull 3X Shares during the 4th quarter valued at about $2,095,000. Simplex Trading LLC boosted its holdings in Direxion Daily Natural Gas Related Bull 3X Shares by 46.3% during the 4th quarter. Simplex Trading LLC now owns 11,346 shares of the company’s stock valued at $111,000 after acquiring an additional 3,592 shares during the period. Finally, Koshinski Asset Management Inc. purchased a new stake in Direxion Daily Natural Gas Related Bull 3X Shares during the 4th quarter valued at about $187,000.

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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