Short Interest in Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) Rises By 332.6%

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 21,827 shares, an increase of 332.6% from the January 29th total of 5,046 shares. Approximately 4.9% of the shares of the company are short sold. Based on an average daily trading volume, of 38,796 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 38,796 shares, the days-to-cover ratio is currently 0.6 days. Approximately 4.9% of the shares of the company are short sold.

Hedge Funds Weigh In On Direxion Daily Transportation Bull 3X Shares

A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC grew its holdings in Direxion Daily Transportation Bull 3X Shares by 20.6% in the third quarter. Virtu Financial LLC now owns 11,968 shares of the company’s stock valued at $334,000 after purchasing an additional 2,043 shares during the period. Prospera Financial Services Inc acquired a new position in shares of Direxion Daily Transportation Bull 3X Shares during the 3rd quarter worth approximately $512,000. Finally, Susquehanna International Group LLP raised its stake in shares of Direxion Daily Transportation Bull 3X Shares by 168.9% during the 3rd quarter. Susquehanna International Group LLP now owns 40,400 shares of the company’s stock worth $1,127,000 after buying an additional 25,378 shares during the period.

Direxion Daily Transportation Bull 3X Shares Trading Down 1.4%

TPOR traded down $0.56 on Friday, reaching $38.20. The stock had a trading volume of 21,862 shares, compared to its average volume of 25,404. The business’s 50-day moving average price is $34.38 and its two-hundred day moving average price is $30.06. The company has a market cap of $17.19 million, a P/E ratio of 12.38 and a beta of 3.78. Direxion Daily Transportation Bull 3X Shares has a 12-month low of $14.02 and a 12-month high of $40.43.

About Direxion Daily Transportation Bull 3X Shares

The Direxion Daily Transportation Bull 3X Shares (TPOR) is an exchange-traded fund that mostly invests in industrials equity. The fund provides 3x leveraged exposure to a modified market cap-weighted index of US transportation companies. TPOR was launched on May 3, 2017 and is managed by Direxion.