Direxion Daily MSCI India Bull 3x Shares (NYSEARCA:INDL)’s share price rose 8.2% on Thursday . The stock traded as high as $58.22 and last traded at $58.21, approximately 127,198 shares were traded during mid-day trading. An increase of 191% from the average daily volume of 43,772 shares. The stock had previously closed at $53.79.
The business has a 50-day moving average of $68.71.
A hedge fund recently raised its stake in Direxion Daily MSCI India Bull 3x Shares stock. XR Securities LLC increased its holdings in Direxion Daily MSCI India Bull 3x Shares (NYSEARCA:INDL) by 159.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 19,596 shares of the company’s stock after acquiring an additional 12,047 shares during the period. Direxion Daily MSCI India Bull 3x Shares makes up about 0.3% of XR Securities LLC’s holdings, making the stock its 17th largest holding. XR Securities LLC owned approximately 1.87% of Direxion Daily MSCI India Bull 3x Shares worth $1,475,000 as of its most recent SEC filing.
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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