Direxion Daily MSCI India Bull 2x Shares (NYSEARCA:INDL) shares were up 1.7% during trading on Tuesday . The stock traded as high as $39.93 and last traded at $39.67. Approximately 64,126 shares traded hands during mid-day trading, a decline of 66% from the average daily volume of 188,390 shares. The stock had previously closed at $38.99.
The company has a fifty day moving average of $37.56 and a 200 day moving average of $30.80.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG lifted its position in Direxion Daily MSCI India Bull 2x Shares by 83.7% during the second quarter. UBS Group AG now owns 1,865 shares of the company’s stock valued at $38,000 after purchasing an additional 850 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Direxion Daily MSCI India Bull 2x Shares by 57.5% in the second quarter. Jane Street Group LLC now owns 43,347 shares of the company’s stock valued at $892,000 after acquiring an additional 15,824 shares in the last quarter. Finally, XR Securities LLC purchased a new position in shares of Direxion Daily MSCI India Bull 2x Shares in the second quarter valued at about $1,536,000.
About Direxion Daily MSCI India Bull 2x Shares (NYSEARCA:INDL)
Direxion Daily India Bull 3x Shares, formerly Direxion Daily India Bull 2x Shares, seeks daily investment results, before fees and expenses, of 300% of the performance of the Indus India Index. The Indus India Index, which is designed to replicate the Indian equity markets as a whole, through a group of 50 Indian stocks selected from a universe of the largest companies listed on two Indian exchanges.
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