Direxion Daily Developed Markets Bear 3X Shares (NYSEARCA:DPK) Trading Up 0.5%

Shares of Direxion Daily Developed Markets Bear 3X Shares (NYSEARCA:DPK) were up 0.5% during trading on Friday . The company traded as high as $12.16 and last traded at $12.15, approximately 3,139 shares changed hands during trading. A decline of 76% from the average daily volume of 13,030 shares. The stock had previously closed at $12.09.

The firm’s fifty day simple moving average is $12.85.

An institutional investor recently bought a new position in Direxion Daily Developed Markets Bear 3X Shares stock. David R. Rahn & Associates Inc. purchased a new stake in shares of Direxion Daily Developed Markets Bear 3X Shares (NYSEARCA:DPK) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 426,455 shares of the company’s stock, valued at approximately $5,727,000. Direxion Daily Developed Markets Bear 3X Shares comprises about 4.9% of David R. Rahn & Associates Inc.’s investment portfolio, making the stock its 5th biggest holding. David R. Rahn & Associates Inc. owned approximately 62.26% of Direxion Daily Developed Markets Bear 3X Shares as of its most recent filing with the SEC.

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