Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) Sees Significant Decrease in Short Interest

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) saw a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 2,707 shares, a drop of 19.6% from the December 15th total of 3,368 shares. Approximately 0.6% of the shares of the company are short sold. Based on an average daily trading volume, of 13,406 shares, the short-interest ratio is currently 0.2 days. Based on an average daily trading volume, of 13,406 shares, the short-interest ratio is currently 0.2 days. Approximately 0.6% of the shares of the company are short sold.

Institutional Trading of Direxion Daily Transportation Bull 3X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in TPOR. Virtu Financial LLC lifted its holdings in Direxion Daily Transportation Bull 3X Shares by 20.6% during the 3rd quarter. Virtu Financial LLC now owns 11,968 shares of the company’s stock worth $334,000 after purchasing an additional 2,043 shares in the last quarter. Prospera Financial Services Inc purchased a new position in Direxion Daily Transportation Bull 3X Shares during the 3rd quarter valued at about $512,000. Finally, Susquehanna International Group LLP grew its holdings in 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 valued at $1,127,000 after buying an additional 25,378 shares in the last quarter.

Direxion Daily Transportation Bull 3X Shares Trading Down 2.2%

Direxion Daily Transportation Bull 3X Shares stock opened at $33.91 on Monday. The firm has a 50 day simple moving average of $30.18 and a 200 day simple moving average of $28.18. Direxion Daily Transportation Bull 3X Shares has a 1-year low of $14.02 and a 1-year high of $37.28. The firm has a market capitalization of $15.26 million, a price-to-earnings ratio of 12.38 and a beta of 3.78.

Direxion Daily Transportation Bull 3X Shares Company Profile

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.