Direxion Daily NYSE FANG+ Bull 2X Shares (NYSEARCA:FNGG) Short Interest Update

Direxion Daily NYSE FANG+ Bull 2X Shares (NYSEARCA:FNGG) saw a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 5,756 shares, an increase of 93.5% from the June 15th total of 2,974 shares. Based on an average trading volume of 9,596 shares, the short-interest ratio is presently 0.6 days. Currently, 1.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Wealth Watch Advisors INC bought a new position in shares of Direxion Daily NYSE FANG+ Bull 2X Shares during the third quarter worth $109,000. Larson Financial Group LLC boosted its holdings in shares of Direxion Daily NYSE FANG+ Bull 2X Shares by 223.2% during the 3rd quarter. Larson Financial Group LLC now owns 640 shares of the company’s stock valued at $155,000 after purchasing an additional 442 shares during the last quarter. SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily NYSE FANG+ Bull 2X Shares by 1.5% in the fourth quarter. SBI Securities Co. Ltd. now owns 12,024 shares of the company’s stock worth $2,480,000 after purchasing an additional 177 shares during the last quarter. Simplex Trading LLC lifted its position in shares of Direxion Daily NYSE FANG+ Bull 2X Shares by 228.7% in the fourth quarter. Simplex Trading LLC now owns 1,926 shares of the company’s stock worth $397,000 after buying an additional 1,340 shares in the last quarter. Finally, Meadowbrook Wealth Management LLC purchased a new stake in shares of Direxion Daily NYSE FANG+ Bull 2X Shares in the second quarter worth about $340,000.

Direxion Daily NYSE FANG+ Bull 2X Shares Stock Performance

Shares of FNGG traded down $8.62 during mid-day trading on Thursday, reaching $236.00. The stock had a trading volume of 4,732 shares, compared to its average volume of 10,070. The firm has a market cap of $125.08 million, a price-to-earnings ratio of 42.08 and a beta of 2.82. Direxion Daily NYSE FANG+ Bull 2X Shares has a 12 month low of $139.12 and a 12 month high of $276.00. The business has a fifty day moving average of $234.96 and a 200 day moving average of $202.33.

About Direxion Daily NYSE FANG+ Bull 2X Shares

The Direxion Daily Select Large Caps & FANGs Bull 2X Shares (FNGG) is an exchange-traded fund that is based on the ICE FANG 20 index. The fund provides 2x the daily price movements of an equal-weighted index consists of FANG stocks and other growth stocks of technology and tech-enabled companies. FNGG was launched on Sep 30, 2021 and is managed by Direxion.