SG Americas Securities LLC Invests $202,000 in Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN)

SG Americas Securities LLC acquired a new stake in shares of Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 19,000 shares of the company’s stock, valued at approximately $202,000.

Several other large investors also recently added to or reduced their stakes in the business. LifeGuide Financial Advisors LLC boosted its stake in Direxion Daily Real Estate Bull 3X Shares by 11.0% during the third quarter. LifeGuide Financial Advisors LLC now owns 136,237 shares of the company’s stock valued at $933,000 after buying an additional 13,547 shares during the period. EP Wealth Advisors LLC purchased a new stake in Direxion Daily Real Estate Bull 3X Shares during the third quarter valued at about $301,000. Jane Street Group LLC purchased a new stake in Direxion Daily Real Estate Bull 3X Shares during the fourth quarter valued at about $382,000. Virtu Financial LLC purchased a new stake in Direxion Daily Real Estate Bull 3X Shares during the fourth quarter valued at about $255,000. Finally, JPMorgan Chase & Co. raised its position in Direxion Daily Real Estate Bull 3X Shares by 52.6% during the second quarter. JPMorgan Chase & Co. now owns 14,500 shares of the company’s stock valued at $138,000 after purchasing an additional 5,000 shares in the last quarter.

Direxion Daily Real Estate Bull 3X Shares Stock Down 3.3 %

NYSEARCA DRN opened at $8.14 on Friday. The stock’s 50-day simple moving average is $9.31 and its two-hundred day simple moving average is $8.67. Direxion Daily Real Estate Bull 3X Shares has a twelve month low of $5.53 and a twelve month high of $11.00. The company has a market capitalization of $44.77 million, a price-to-earnings ratio of 29.31 and a beta of 2.70.

About Direxion Daily Real Estate Bull 3X Shares

The Direxion Daily Real Estate Bull 3X Shares (DRN) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index. The fund provides 3x leveraged exposure to an index that captures large cap equities of the US real estate segment. DRN was launched on Jul 16, 2009 and is managed by Direxion.