Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Short Interest Update

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) saw a large decrease in short interest during the month of April. As of April 30th, there was short interest totaling 7,845 shares, a decrease of 38.7% from the April 15th total of 12,802 shares. Based on an average trading volume of 53,868 shares, the short-interest ratio is presently 0.1 days. Approximately 1.7% of the shares of the stock are sold short.

Direxion Daily Consumer Discretionary Bull 3x Shares Stock Down 5.2%

Shares of WANT traded down $2.22 during mid-day trading on Tuesday, reaching $40.78. The company’s stock had a trading volume of 20,316 shares, compared to its average volume of 32,584. The business has a fifty day moving average of $41.66 and a 200 day moving average of $46.89. The company has a market cap of $18.35 million, a price-to-earnings ratio of 32.80 and a beta of 3.72. Direxion Daily Consumer Discretionary Bull 3x Shares has a 1 year low of $32.74 and a 1 year high of $57.27.

Hedge Funds Weigh In On Direxion Daily Consumer Discretionary Bull 3x Shares

A number of hedge funds have recently modified their holdings of the stock. Qube Research & Technologies Ltd increased its position in Direxion Daily Consumer Discretionary Bull 3x Shares by 99.8% during the third quarter. Qube Research & Technologies Ltd now owns 923 shares of the company’s stock worth $49,000 after buying an additional 461 shares during the last quarter. Rovin Capital UT ADV increased its position in Direxion Daily Consumer Discretionary Bull 3x Shares by 6.5% during the third quarter. Rovin Capital UT ADV now owns 8,379 shares of the company’s stock worth $447,000 after buying an additional 513 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily Consumer Discretionary Bull 3x Shares during the fourth quarter worth $117,000. Susquehanna International Group LLP acquired a new position in Direxion Daily Consumer Discretionary Bull 3x Shares during the third quarter worth $914,000. Finally, Virtu Financial LLC acquired a new position in Direxion Daily Consumer Discretionary Bull 3x Shares during the third quarter worth $938,000.

Direxion Daily Consumer Discretionary Bull 3x Shares Company Profile

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.