Direxion Daily NYSE FANG+ Bull 2X Shares (NYSEARCA:FNGG – Get Free Report) was the recipient of a significant decrease in short interest in the month of July. As of July 31st, there was short interest totaling 3,421 shares, a decrease of 48.7% from the July 15th total of 6,669 shares. Based on an average daily volume of 3,334 shares, the short-interest ratio is presently 1.0 days. Currently, 0.6% of the company’s stock are sold short.
Institutional Trading of Direxion Daily NYSE FANG+ Bull 2X Shares
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FNGG. Meadowbrook Wealth Management LLC purchased a new position in shares of Direxion Daily NYSE FANG+ Bull 2X Shares during the second quarter valued at approximately $340,000. Simplex Trading LLC grew its position in Direxion Daily NYSE FANG+ Bull 2X Shares by 228.7% in the 4th quarter. Simplex Trading LLC now owns 1,926 shares of the company’s stock worth $397,000 after purchasing an additional 1,340 shares in the last quarter. SBI Securities Co. Ltd. grew its position in Direxion Daily NYSE FANG+ Bull 2X Shares by 1.5% in the 4th quarter. SBI Securities Co. Ltd. now owns 12,024 shares of the company’s stock worth $2,480,000 after purchasing an additional 177 shares in the last quarter. Larson Financial Group LLC increased its stake in Direxion Daily NYSE FANG+ Bull 2X Shares by 223.2% in the 3rd quarter. Larson Financial Group LLC now owns 640 shares of the company’s stock valued at $155,000 after buying an additional 442 shares during the last quarter. Finally, Wealth Watch Advisors INC bought a new position in shares of Direxion Daily NYSE FANG+ Bull 2X Shares during the 3rd quarter worth approximately $109,000.
Direxion Daily NYSE FANG+ Bull 2X Shares Price Performance
Shares of FNGG stock traded down $5.40 on Friday, reaching $264.72. 1,337 shares of the company were exchanged, compared to its average volume of 9,229. The company has a 50-day moving average of $233.95 and a 200-day moving average of $208.53. Direxion Daily NYSE FANG+ Bull 2X Shares has a one year low of $139.12 and a one year high of $276.00. The company has a market cap of $140.30 million, a price-to-earnings ratio of 42.08 and a beta of 2.82.
Direxion Daily NYSE FANG+ Bull 2X Shares Company Profile
The Direxion Daily Select Large Caps & FANGs Bull 2X Shares (FNGG) is an exchange-traded fund that is based on the ICE FANG 20 index. The fund provides 2x the daily price movements of an equal-weighted index consists of FANG stocks and other growth stocks of technology and tech-enabled companies. FNGG was launched on Sep 30, 2021 and is managed by Direxion.
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