Direxion Daily Russia Bear 3x Shares (NYSEARCA:RUSS)’s stock price dropped 3.5% on Thursday . The company traded as low as $7.71 and last traded at $7.78, approximately 4,873 shares changed hands during mid-day trading. A decline of 97% from the average daily volume of 158,476 shares. The stock had previously closed at $8.06.

The stock’s 50 day moving average price is $9.87 and its two-hundred day moving average price is $11.02.

An institutional investor recently raised its position in Direxion Daily Russia Bear 3x Shares stock. Simplex Trading LLC raised its stake in shares of Direxion Daily Russia Bear 3x Shares (NYSEARCA:RUSS) by 817.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,101 shares of the exchange traded fund’s stock after acquiring an additional 4,545 shares during the period. Simplex Trading LLC owned approximately 0.27% of Direxion Daily Russia Bear 3x Shares worth $54,000 as of its most recent SEC filing.

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