Direxion Daily Natural Gas Related Bear 3x Shares (NYSEARCA:GASX) Shares Down 28.8%

Shares of Direxion Daily Natural Gas Related Bear 3x Shares (NYSEARCA:GASX) dropped 28.8% on Monday . The company traded as low as $40.46 and last traded at $40.46, approximately 3,476 shares traded hands during trading. A decline of 86% from the average daily volume of 25,282 shares. The stock had previously closed at $56.82.

The stock’s 50 day moving average is $73.75 and its two-hundred day moving average is $46.33.

A hedge fund recently raised its stake in Direxion Daily Natural Gas Related Bear 3x Shares stock. Tower Research Capital LLC TRC grew its position in Direxion Daily Natural Gas Related Bear 3x Shares (NYSEARCA:GASX) by 82.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,204 shares of the company’s stock after acquiring an additional 2,801 shares during the quarter. Tower Research Capital LLC TRC owned about 8.27% of Direxion Daily Natural Gas Related Bear 3x Shares worth $259,000 at the end of the most recent reporting period.

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