Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Sees Significant Growth in Short Interest

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 21,787 shares, a growth of 20.3% from the February 12th total of 18,113 shares. Currently, 4.8% of the company’s stock are sold short. Based on an average daily volume of 21,562 shares, the short-interest ratio is currently 1.0 days. Based on an average daily volume of 21,562 shares, the short-interest ratio is currently 1.0 days. Currently, 4.8% of the company’s stock are sold short.

Direxion Daily Consumer Discretionary Bull 3x Shares Stock Performance

Shares of Direxion Daily Consumer Discretionary Bull 3x Shares stock traded up $1.37 on Monday, hitting $40.13. The company had a trading volume of 10,272 shares, compared to its average volume of 20,435. Direxion Daily Consumer Discretionary Bull 3x Shares has a 1 year low of $22.68 and a 1 year high of $57.27. The stock has a 50 day moving average of $48.59 and a 200-day moving average of $49.90. The stock has a market capitalization of $18.06 million, a price-to-earnings ratio of 32.80 and a beta of 3.71.

Institutional Investors Weigh In On Direxion Daily Consumer Discretionary Bull 3x Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Qube Research & Technologies Ltd lifted its stake in Direxion Daily Consumer Discretionary Bull 3x Shares by 99.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 923 shares of the company’s stock valued at $49,000 after acquiring an additional 461 shares in the last quarter. Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the 4th quarter worth $117,000. EverSource Wealth Advisors LLC grew its stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares by 98.5% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,800 shares of the company’s stock worth $199,000 after acquiring an additional 2,382 shares in the last quarter. Rovin Capital UT ADV raised its holdings in shares of Direxion Daily Consumer Discretionary Bull 3x Shares by 6.5% in the third quarter. Rovin Capital UT ADV now owns 8,379 shares of the company’s stock valued at $447,000 after purchasing an additional 513 shares during the last quarter. Finally, Susquehanna International Group LLP purchased a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the third quarter valued at about $914,000.

About Direxion Daily Consumer Discretionary Bull 3x Shares

The Direxion Daily Cnsmr Discret Bull 3XShrs (WANT) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 3x leveraged exposure to the U.S. consumer discretionary sector. WANT was launched on Nov 29, 2018 and is managed by Direxion.