Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Short Interest Update

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) saw a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 69,120 shares, an increase of 29.6% from the December 31st total of 53,315 shares. Approximately 4.2% of the shares of the company are sold short. Based on an average daily trading volume, of 96,404 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily trading volume, of 96,404 shares, the days-to-cover ratio is presently 0.7 days. Approximately 4.2% of the shares of the company are sold short.

Institutional Investors Weigh In On Direxion Daily Real Estate Bear 3X Shares

An institutional investor recently raised its position in Direxion Daily Real Estate Bear 3X Shares stock. Group One Trading LLC lifted its holdings in Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) by 106.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,662 shares of the company’s stock after acquiring an additional 1,892 shares during the period. Group One Trading LLC owned approximately 0.20% of Direxion Daily Real Estate Bear 3X Shares worth $92,000 as of its most recent filing with the SEC.

Direxion Daily Real Estate Bear 3X Shares Trading Up 1.3%

Shares of DRV opened at $25.72 on Wednesday. Direxion Daily Real Estate Bear 3X Shares has a 52 week low of $22.65 and a 52 week high of $41.00. The firm’s 50-day simple moving average is $25.77 and its 200 day simple moving average is $25.15.

Direxion Daily Real Estate Bear 3X Shares Company Profile

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.