Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) Short Interest Update

Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) was the target of a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 433,172 shares, an increase of 21.8% from the January 15th total of 355,686 shares. Currently, 7.3% of the company’s shares are sold short. Based on an average daily trading volume, of 591,289 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 591,289 shares, the short-interest ratio is presently 0.7 days. Currently, 7.3% of the company’s shares are sold short.

Direxion Daily Real Estate Bull 3X Shares Trading Up 4.2%

Shares of DRN opened at $10.44 on Tuesday. The stock has a market cap of $61.60 million, a P/E ratio of 35.32 and a beta of 3.03. Direxion Daily Real Estate Bull 3X Shares has a 1 year low of $6.31 and a 1 year high of $11.94. The stock’s 50-day moving average price is $8.94 and its two-hundred day moving average price is $9.19.

Institutional Investors Weigh In On Direxion Daily Real Estate Bull 3X Shares

Several large investors have recently made changes to their positions in DRN. SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily Real Estate Bull 3X Shares by 10.3% during the second quarter. SBI Securities Co. Ltd. now owns 17,410 shares of the company’s stock worth $166,000 after buying an additional 1,628 shares in the last quarter. Group One Trading LLC boosted its position in Direxion Daily Real Estate Bull 3X Shares by 71.5% during the 2nd quarter. Group One Trading LLC now owns 5,544 shares of the company’s stock worth $53,000 after acquiring an additional 2,312 shares during the last quarter. Finally, Virtu Financial LLC grew its stake in shares of Direxion Daily Real Estate Bull 3X Shares by 588.5% during the 3rd quarter. Virtu Financial LLC now owns 98,638 shares of the company’s stock worth $966,000 after acquiring an additional 84,311 shares in the last quarter.

Direxion Daily Real Estate Bull 3X Shares Company Profile

The Direxion Daily Real Estate Bull 3X Shares (DRN) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index. The fund provides 3x leveraged exposure to an index that captures large cap equities of the US real estate segment. DRN was launched on Jul 16, 2009 and is managed by Direxion.