Direxion Daily Global Clean Energy Bull 2X Shares (NYSEARCA:KLNE) Stock Price Down 5.2%

Shares of Direxion Daily Global Clean Energy Bull 2X Shares (NYSEARCA:KLNE – Get Rating) were down 5.2% during trading on Wednesday . The stock traded as low as $14.08 and last traded at $14.23. Approximately 1,986 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 4,626 shares. The stock had previously closed at $15.00.

Direxion Daily Global Clean Energy Bull 2X Shares Price Performance

The company has a fifty day moving average of $16.11 and a 200 day moving average of $16.62. The firm has a market capitalization of $4.27 million, a P/E ratio of 24.05 and a beta of 2.27.

Hedge Funds Weigh In On Direxion Daily Global Clean Energy Bull 2X Shares

An institutional investor recently bought a new position in Direxion Daily Global Clean Energy Bull 2X Shares stock. Jane Street Group LLC purchased a new position in shares of Direxion Daily Global Clean Energy Bull 2X Shares (NYSEARCA:KLNE – Get Rating) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 48,013 shares of the company’s stock, valued at approximately $732,000. Jane Street Group LLC owned approximately 16.00% of Direxion Daily Global Clean Energy Bull 2X Shares as of its most recent filing with the SEC.

Direxion Daily Global Clean Energy Bull 2X Shares Company Profile

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The Direxion Daily Global Clean Energy Bull 2X Shares (KLNE) is an exchange-traded fund that is based on the S&P Global Clean Energy index. The fund aims for 2x leveraged daily exposure to a tiered index of global companies involved in clean energy businesses. KLNE was launched on Jul 29, 2021 and is managed by Direxion.