Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Sees Large Increase in Short Interest

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) saw a large growth in short interest during the month of February. As of February 13th, there was short interest totaling 57,956 shares, a growth of 19.1% from the January 29th total of 48,647 shares. Approximately 3.7% of the company’s shares are short sold. Based on an average daily volume of 233,886 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 233,886 shares, the short-interest ratio is presently 0.2 days. Approximately 3.7% of the company’s shares are short sold.

Hedge Funds Weigh In On Direxion Daily Real Estate Bear 3X Shares

Hedge funds have recently bought and sold shares of the business. J. Safra Sarasin Holding AG bought a new stake in shares of Direxion Daily Real Estate Bear 3X Shares during the fourth quarter worth $265,000. Virtu Financial LLC grew its holdings in shares of Direxion Daily Real Estate Bear 3X Shares by 17.6% in the fourth quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after purchasing an additional 5,614 shares during the last quarter. Group One Trading LLC increased its stake in Direxion Daily Real Estate Bear 3X Shares by 106.9% in the 2nd quarter. Group One Trading LLC now owns 3,662 shares of the company’s stock worth $92,000 after buying an additional 1,892 shares during the period. Finally, Quadrature Capital Ltd bought a new stake in Direxion Daily Real Estate Bear 3X Shares during the 4th quarter valued at about $335,000.

Direxion Daily Real Estate Bear 3X Shares Price Performance

Shares of NYSEARCA DRV opened at $21.47 on Friday. Direxion Daily Real Estate Bear 3X Shares has a 1 year low of $20.46 and a 1 year high of $41.00. The firm has a 50-day simple moving average of $23.78 and a two-hundred day simple moving average of $24.69.

About Direxion Daily Real Estate Bear 3X Shares

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