Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Sees Significant Decrease in Short Interest

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 19,695 shares, a decrease of 21.5% from the December 31st total of 25,080 shares. Currently, 4.4% of the shares of the company are sold short. Based on an average daily volume of 25,505 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 25,505 shares, the days-to-cover ratio is currently 0.8 days. Currently, 4.4% of the shares of the company are sold short.

Direxion Daily Consumer Discretionary Bull 3x Shares Price Performance

Shares of NYSEARCA:WANT traded up $0.10 on Friday, reaching $51.83. 20,569 shares of the company traded hands, compared to its average volume of 21,773. Direxion Daily Consumer Discretionary Bull 3x Shares has a fifty-two week low of $22.68 and a fifty-two week high of $61.94. The stock has a market capitalization of $23.32 million, a PE ratio of 32.80 and a beta of 3.71. The company’s 50 day moving average is $51.86 and its 200-day moving average is $49.86.

Institutional Investors Weigh In On Direxion Daily Consumer Discretionary Bull 3x Shares

Hedge funds have recently made changes to their positions in the company. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the 3rd quarter valued at $938,000. Susquehanna International Group LLP bought a new position in Direxion Daily Consumer Discretionary Bull 3x Shares in the 3rd quarter valued at about $914,000. Rovin Capital UT ADV raised its position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares by 6.5% in the third quarter. Rovin Capital UT ADV now owns 8,379 shares of the company’s stock valued at $447,000 after buying an additional 513 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Direxion Daily Consumer Discretionary Bull 3x Shares by 98.5% during the second quarter. EverSource Wealth Advisors LLC now owns 4,800 shares of the company’s stock worth $199,000 after acquiring an additional 2,382 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in Direxion Daily Consumer Discretionary Bull 3x Shares by 99.8% during the 3rd 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 period.

About Direxion Daily Consumer Discretionary Bull 3x Shares

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.