Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) Short Interest Up 21.8% in January

Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 433,172 shares, a growth of 21.8% from the January 15th total of 355,686 shares. Approximately 7.3% of the company’s stock are short sold. Based on an average daily volume of 591,289 shares, the short-interest ratio is currently 0.7 days. Based on an average daily volume of 591,289 shares, the short-interest ratio is currently 0.7 days. Approximately 7.3% of the company’s stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. SBI Securities Co. Ltd. grew its holdings in Direxion Daily Real Estate Bull 3X Shares by 10.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 17,410 shares of the company’s stock worth $166,000 after acquiring an additional 1,628 shares in the last quarter. Group One Trading LLC raised its stake in shares of Direxion Daily Real Estate Bull 3X Shares by 71.5% in the 2nd quarter. Group One Trading LLC now owns 5,544 shares of the company’s stock valued at $53,000 after purchasing an additional 2,312 shares in the last quarter. Finally, Virtu Financial LLC lifted its position in shares of Direxion Daily Real Estate Bull 3X Shares by 588.5% during the third quarter. Virtu Financial LLC now owns 98,638 shares of the company’s stock worth $966,000 after purchasing an additional 84,311 shares during the last quarter.

Direxion Daily Real Estate Bull 3X Shares Price Performance

Direxion Daily Real Estate Bull 3X Shares stock traded down $0.21 during midday trading on Wednesday, hitting $10.55. 280,921 shares of the stock were exchanged, compared to its average volume of 605,366. Direxion Daily Real Estate Bull 3X Shares has a 1 year low of $6.31 and a 1 year high of $11.94. The firm has a market cap of $62.26 million, a P/E ratio of 35.32 and a beta of 3.03. The company has a 50 day moving average price of $8.98 and a two-hundred day moving average price of $9.20.

Direxion Daily Real Estate Bull 3X Shares Company Profile

The Direxion Daily Real Estate Bull 3X Shares (DRN) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index. The fund provides 3x leveraged exposure to an index that captures large cap equities of the US real estate segment. DRN was launched on Jul 16, 2009 and is managed by Direxion.