Short Interest in Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Drops By 51.5%

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the target of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 14,417 shares, a drop of 51.5% from the May 14th total of 29,697 shares. Currently, 3.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 33,325 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily Consumer Discretionary Bull 3x Shares Trading Up 0.7%

Shares of WANT traded up $0.28 during mid-day trading on Friday, hitting $42.60. The company’s stock had a trading volume of 27,154 shares, compared to its average volume of 31,584. The firm has a 50-day simple moving average of $43.84 and a 200 day simple moving average of $46.38. The firm has a market capitalization of $19.17 million, a P/E ratio of 32.80 and a beta of 3.68. Direxion Daily Consumer Discretionary Bull 3x Shares has a 1-year low of $32.74 and a 1-year high of $57.27.

Institutional Trading of Direxion Daily Consumer Discretionary Bull 3x Shares

Several hedge funds have recently modified their holdings of the business. Safe Harbor Fiduciary LLC acquired a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the 4th quarter valued at approximately $117,000. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the 3rd quarter valued at approximately $914,000. Qube Research & Technologies Ltd lifted its holdings in shares of Direxion Daily Consumer Discretionary Bull 3x Shares by 99.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 923 shares of the company’s stock valued at $49,000 after buying an additional 461 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the 3rd quarter valued at approximately $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.