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

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the target of a significant decrease in short interest in the month of March. As of March 13th, there was short interest totaling 18,616 shares, a decrease of 14.6% from the February 26th total of 21,787 shares. Currently, 4.1% of the shares of the company are sold short. Based on an average daily volume of 16,217 shares, the short-interest ratio is currently 1.1 days.

Direxion Daily Consumer Discretionary Bull 3x Shares Stock Up 9.5%

Direxion Daily Consumer Discretionary Bull 3x Shares stock opened at $36.27 on Wednesday. Direxion Daily Consumer Discretionary Bull 3x Shares has a 52 week low of $22.68 and a 52 week high of $57.27. The company has a market capitalization of $16.32 million, a price-to-earnings ratio of 32.80 and a beta of 3.71. The stock has a 50-day moving average price of $44.62 and a 200 day moving average price of $48.81.

Hedge Funds Weigh In On Direxion Daily Consumer Discretionary Bull 3x Shares

Institutional investors have recently bought and sold shares of the business. Qube Research & Technologies Ltd lifted its stake 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 valued at $49,000 after acquiring an additional 461 shares during the period. Rovin Capital UT ADV increased its stake 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 worth $447,000 after acquiring an additional 513 shares during the period. Safe Harbor Fiduciary LLC purchased a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares during the fourth quarter worth $117,000. EverSource Wealth Advisors LLC lifted its position 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 valued at $199,000 after purchasing an additional 2,382 shares during the period. Finally, Susquehanna International Group LLP acquired a new position in Direxion Daily Consumer Discretionary Bull 3x Shares during the third quarter valued at $914,000.

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.