Direxion MSCI Defensives Over Cyclicals ETF (NYSEARCA:RWDC) Stock Price Down 0.5%

Shares of Direxion MSCI Defensives Over Cyclicals ETF (NYSEARCA:RWDC) fell 0.5% during mid-day trading on Thursday . The stock traded as low as $53.03 and last traded at $53.06, 437 shares changed hands during mid-day trading. A decline of 94% from the average session volume of 7,010 shares. The stock had previously closed at $53.31.

The stock’s 50-day simple moving average is $51.49 and its 200 day simple moving average is $50.91.

A hedge fund recently bought a new stake in Direxion MSCI Defensives Over Cyclicals ETF stock. BNP Paribas Arbitrage SA acquired a new stake in Direxion MSCI Defensives Over Cyclicals ETF (NYSEARCA:RWDC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 50,000 shares of the company’s stock, valued at approximately $2,570,000. BNP Paribas Arbitrage SA owned 18.18% of Direxion MSCI Defensives Over Cyclicals ETF at the end of the most recent reporting period.

Further Reading: What does it mean to hold a stock in street name?

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