Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Short Interest Update

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 48,647 shares, a decrease of 29.6% from the January 15th total of 69,120 shares. Currently, 3.1% of the shares of the stock are sold short. Based on an average trading volume of 81,873 shares, the short-interest ratio is currently 0.6 days. Based on an average trading volume of 81,873 shares, the short-interest ratio is currently 0.6 days. Currently, 3.1% of the shares of the stock are sold short.

Hedge Funds Weigh In On Direxion Daily Real Estate Bear 3X Shares

An institutional investor recently raised its position in Direxion Daily Real Estate Bear 3X Shares stock. Group One Trading LLC increased its position in shares of Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) by 21.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,462 shares of the company’s stock after acquiring an additional 800 shares during the quarter. Group One Trading LLC owned about 0.27% of Direxion Daily Real Estate Bear 3X Shares worth $106,000 as of its most recent SEC filing.

Direxion Daily Real Estate Bear 3X Shares Price Performance

Shares of DRV stock traded down $0.93 during trading hours on Friday, hitting $21.20. 296,834 shares of the company’s stock were exchanged, compared to its average volume of 137,334. Direxion Daily Real Estate Bear 3X Shares has a 52 week low of $20.80 and a 52 week high of $41.00. The stock’s 50-day moving average is $25.36 and its 200-day moving average is $25.12.

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.