Direxion Shares Exchange Traded Fund Trust (NYSE:ERX) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 634,006 shares, a decline of 36.5% from the August 31st total of 999,066 shares. Based on an average daily trading volume, of 2,087,358 shares, the days-to-cover ratio is currently 0.3 days.

A number of institutional investors have recently made changes to their positions in the stock. Intellectus Partners LLC lifted its stake in Direxion Shares Exchange Traded Fund Trust by 33.3% in the 2nd quarter. Intellectus Partners LLC now owns 8,000 shares of the company’s stock worth $200,000 after acquiring an additional 2,000 shares in the last quarter. Nomura Holdings Inc. lifted its stake in Direxion Shares Exchange Traded Fund Trust by 50.2% in the 2nd quarter. Nomura Holdings Inc. now owns 518,405 shares of the company’s stock worth $12,997,000 after acquiring an additional 173,239 shares in the last quarter. Virtu KCG Holdings LLC purchased a new stake in Direxion Shares Exchange Traded Fund Trust in the 2nd quarter worth about $495,000. Timber Hill LLC purchased a new stake in Direxion Shares Exchange Traded Fund Trust in the 2nd quarter worth about $283,000. Finally, TRUE Private Wealth Advisors lifted its stake in Direxion Shares Exchange Traded Fund Trust by 8.0% in the 2nd quarter. TRUE Private Wealth Advisors now owns 8,212 shares of the company’s stock worth $205,000 after acquiring an additional 606 shares in the last quarter.

Shares of Direxion Shares Exchange Traded Fund Trust (ERX) opened at 29.43 on Friday. The firm has a 50-day moving average price of $25.97 and a 200 day moving average price of $26.96. Direxion Shares Exchange Traded Fund Trust has a 12-month low of $21.37 and a 12-month high of $44.55.

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