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

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) was the target of a large drop in short interest in April. As of April 30th, there was short interest totaling 22,116 shares, a drop of 41.3% from the April 15th total of 37,666 shares. Currently, 4.4% of the company’s stock are sold short. Based on an average daily volume of 23,632 shares, the days-to-cover ratio is currently 0.9 days.

Direxion Daily Transportation Bull 3X Shares Stock Performance

Shares of Direxion Daily Transportation Bull 3X Shares stock traded down $0.08 during midday trading on Friday, reaching $34.09. 6,147 shares of the company’s stock traded hands, compared to its average volume of 24,562. The company has a market cap of $17.05 million, a price-to-earnings ratio of 12.38 and a beta of 3.65. The company’s 50 day simple moving average is $31.85 and its 200 day simple moving average is $31.90. Direxion Daily Transportation Bull 3X Shares has a 52 week low of $21.04 and a 52 week high of $40.43.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. Susquehanna International Group LLP raised its stake in shares of Direxion Daily Transportation Bull 3X Shares by 168.9% in the 3rd 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 in the last quarter. Prospera Financial Services Inc bought a new position in shares of Direxion Daily Transportation Bull 3X Shares in the 3rd quarter valued at approximately $512,000. Finally, Virtu Financial LLC raised its stake in shares of Direxion Daily Transportation Bull 3X Shares by 20.6% in the 3rd quarter. Virtu Financial LLC now owns 11,968 shares of the company’s stock valued at $334,000 after acquiring an additional 2,043 shares in the last quarter.

Direxion Daily Transportation Bull 3X Shares Company Profile

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.