Virtu Financial LLC Decreases Position in Direxion Daily NYSE FANG+ Bull 2X Shares (NYSEARCA:FNGG)

Virtu Financial LLC decreased its stake in Direxion Daily NYSE FANG+ Bull 2X Shares (NYSEARCA:FNGG) by 12.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 28,720 shares of the company’s stock after selling 4,172 shares during the quarter. Virtu Financial LLC owned about 0.08% of Direxion Daily NYSE FANG+ Bull 2X Shares worth $5,169,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new stake in shares of Direxion Daily NYSE FANG+ Bull 2X Shares in the fourth quarter worth about $217,000. Jane Street Group LLC purchased a new stake in shares of Direxion Daily NYSE FANG+ Bull 2X Shares in the third quarter worth about $263,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Direxion Daily NYSE FANG+ Bull 2X Shares in the fourth quarter worth about $2,560,000.

Direxion Daily NYSE FANG+ Bull 2X Shares Stock Performance

Shares of FNGG opened at $147.65 on Friday. The company has a market capitalization of $78.23 million, a P/E ratio of 37.68 and a beta of 2.58. Direxion Daily NYSE FANG+ Bull 2X Shares has a one year low of $98.65 and a one year high of $204.81. The stock has a 50-day moving average price of $176.72 and a 200 day moving average price of $165.66.

Direxion Daily NYSE FANG+ Bull 2X Shares Profile

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.