Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV – Get Free Report) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 70,134 shares, an increase of 18.3% from the February 26th total of 59,280 shares. Currently, 4.4% of the company’s stock are short sold. Based on an average daily volume of 158,313 shares, the days-to-cover ratio is presently 0.4 days.
Direxion Daily Real Estate Bear 3X Shares Stock Performance
Shares of DRV stock opened at $24.99 on Wednesday. Direxion Daily Real Estate Bear 3X Shares has a 12 month low of $20.46 and a 12 month high of $41.00. The company’s fifty day moving average price is $23.30 and its 200-day moving average price is $24.65.
Institutional Investors Weigh In On Direxion Daily Real Estate Bear 3X Shares
Several hedge funds have recently bought and sold shares of the business. Virtu Financial LLC grew its holdings in Direxion Daily Real Estate Bear 3X Shares by 17.6% in the fourth quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock worth $994,000 after purchasing an additional 5,614 shares during the period. Quadrature Capital Ltd purchased a new position in shares of Direxion Daily Real Estate Bear 3X Shares during the fourth quarter valued at approximately $335,000. J. Safra Sarasin Holding AG bought a new stake in shares of Direxion Daily Real Estate Bear 3X Shares in the 4th quarter worth approximately $265,000. Finally, Group One Trading LLC grew its stake in shares of Direxion Daily Real Estate Bear 3X Shares by 21.8% in the 3rd quarter. Group One Trading LLC now owns 4,462 shares of the company’s stock worth $106,000 after buying an additional 800 shares during the last quarter.
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.
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