Short Interest in Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Expands By 278.5%

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the target of a large growth in short interest during the month of May. As of May 15th, there was short interest totaling 29,697 shares, a growth of 278.5% from the April 30th total of 7,845 shares. Based on an average daily volume of 32,830 shares, the days-to-cover ratio is currently 0.9 days. Approximately 6.6% of the shares of the company are sold short.

Institutional Investors Weigh In On Direxion Daily Consumer Discretionary Bull 3x Shares

Hedge funds have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd lifted its holdings 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 purchasing an additional 461 shares during the last quarter. Safe Harbor Fiduciary LLC acquired a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares during the 4th quarter valued at $117,000. Susquehanna International Group LLP acquired a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares during the 3rd quarter valued at $914,000. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares during the 3rd quarter valued at $938,000.

Direxion Daily Consumer Discretionary Bull 3x Shares Price Performance

Direxion Daily Consumer Discretionary Bull 3x Shares stock traded down $0.85 during mid-day trading on Friday, hitting $48.50. 8,904 shares of the company’s stock traded hands, compared to its average volume of 32,240. The firm has a 50 day simple moving average of $42.41 and a two-hundred day simple moving average of $46.60. Direxion Daily Consumer Discretionary Bull 3x Shares has a fifty-two week low of $32.74 and a fifty-two week high of $57.27. The stock has a market cap of $21.83 million, a price-to-earnings ratio of 32.80 and a beta of 3.72.

Direxion Daily Consumer Discretionary Bull 3x Shares Company Profile

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.