Short Interest in Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Declines By 46.1%

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the recipient of a significant decrease in short interest in August. As of August 14th, there was short interest totaling 16,278 shares, a decrease of 46.1% from the July 30th total of 30,209 shares. Based on an average daily trading volume, of 33,398 shares, the days-to-cover ratio is currently 0.5 days. Currently, 3.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. purchased a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares during the 2nd quarter valued at $33,000. Qube Research & Technologies Ltd increased its holdings in shares of Direxion Daily Consumer Discretionary Bull 3x Shares by 99.8% in the third quarter. Qube Research & Technologies Ltd now owns 923 shares of the company’s stock worth $49,000 after purchasing an additional 461 shares during the period. Safe Harbor Fiduciary LLC bought a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the fourth quarter worth $117,000. Susquehanna International Group LLP purchased a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the third quarter worth $914,000. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the third quarter worth $938,000.

Direxion Daily Consumer Discretionary Bull 3x Shares Trading Up 3.2%

Shares of WANT stock traded up $1.29 during trading hours on Friday, reaching $41.28. The stock had a trading volume of 11,151 shares, compared to its average volume of 30,669. The stock’s fifty day simple moving average is $41.14 and its 200 day simple moving average is $42.39. The firm has a market capitalization of $18.58 million, a PE ratio of 32.80 and a beta of 3.68. Direxion Daily Consumer Discretionary Bull 3x Shares has a 12 month low of $32.74 and a 12 month high of $57.27.

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.