Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) Short Interest Update

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) saw a significant increase in short interest in January. As of January 15th, there was short interest totaling 5,271 shares, an increase of 94.7% from the December 31st total of 2,707 shares. Based on an average daily trading volume, of 23,233 shares, the short-interest ratio is currently 0.2 days. Approximately 1.2% of the company’s stock are sold short. Approximately 1.2% of the company’s stock are sold short. Based on an average daily trading volume, of 23,233 shares, the short-interest ratio is currently 0.2 days.

Direxion Daily Transportation Bull 3X Shares Stock Performance

NYSEARCA:TPOR opened at $32.09 on Friday. Direxion Daily Transportation Bull 3X Shares has a 1 year low of $14.02 and a 1 year high of $36.84. The stock has a market cap of $14.44 million, a P/E ratio of 12.38 and a beta of 3.78. The stock has a 50-day simple moving average of $31.43 and a 200-day simple moving average of $28.50.

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

Several hedge funds have recently added to or reduced their stakes in TPOR. Prospera Financial Services Inc purchased a new stake in shares of Direxion Daily Transportation Bull 3X Shares during the 3rd quarter worth approximately $512,000. Virtu Financial LLC raised its stake in Direxion Daily Transportation Bull 3X Shares by 20.6% during the 3rd quarter. Virtu Financial LLC now owns 11,968 shares of the company’s stock worth $334,000 after acquiring an additional 2,043 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its position in Direxion Daily Transportation Bull 3X Shares by 168.9% in the third 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 last quarter.

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.