Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) Short Interest Down 31.2% in March

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) was the target of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 13,298 shares, a drop of 31.2% from the February 26th total of 19,331 shares. Based on an average daily volume of 31,964 shares, the short-interest ratio is currently 0.4 days. Currently, 3.0% of the company’s shares are sold short.

Direxion Daily Transportation Bull 3X Shares Stock Down 4.8%

NYSEARCA TPOR traded down $1.31 on Friday, reaching $26.19. The company had a trading volume of 19,110 shares, compared to its average volume of 26,090. The stock’s 50 day moving average is $33.56 and its 200-day moving average is $30.53. The stock has a market cap of $11.79 million, a price-to-earnings ratio of 12.38 and a beta of 3.78. Direxion Daily Transportation Bull 3X Shares has a 52 week low of $14.02 and a 52 week high of $40.43.

Hedge Funds Weigh In On Direxion Daily Transportation Bull 3X Shares

Several institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP raised its position in shares of Direxion Daily Transportation Bull 3X Shares by 168.9% in the 3rd quarter. Susquehanna International Group LLP now owns 40,400 shares of the company’s stock valued at $1,127,000 after acquiring an additional 25,378 shares during the period. Prospera Financial Services Inc acquired a new position in Direxion Daily Transportation Bull 3X Shares during the third quarter valued at approximately $512,000. Finally, Virtu Financial LLC grew its holdings in Direxion Daily Transportation Bull 3X Shares by 20.6% during the third quarter. Virtu Financial LLC now owns 11,968 shares of the company’s stock valued at $334,000 after purchasing an additional 2,043 shares during the period.

About Direxion Daily Transportation Bull 3X Shares

The Direxion Daily Transportation Bull 3X Shares (TPOR) is an exchange-traded fund that mostly invests in industrials equity. The fund provides 3x leveraged exposure to a modified market cap-weighted index of US transportation companies. TPOR was launched on May 3, 2017 and is managed by Direxion.