Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Sees Large Decline in Short Interest

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the target of a significant decline in short interest in April. As of April 30th, there was short interest totaling 7,845 shares, a decline of 38.7% from the April 15th total of 12,802 shares. Based on an average daily trading volume, of 53,868 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.7% of the shares of the stock are sold short.

Institutional Trading of Direxion Daily Consumer Discretionary Bull 3x Shares

Several hedge funds and other institutional investors have recently bought and sold shares of WANT. Virtu Financial LLC purchased a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares in the third quarter worth approximately $938,000. Susquehanna International Group LLP purchased a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares in the third quarter worth approximately $914,000. Safe Harbor Fiduciary LLC purchased a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares in the fourth quarter worth approximately $117,000. Rovin Capital UT ADV boosted its stake in Direxion Daily Consumer Discretionary Bull 3x Shares by 6.5% in the third quarter. Rovin Capital UT ADV now owns 8,379 shares of the company’s stock worth $447,000 after buying an additional 513 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its stake in 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 buying an additional 461 shares in the last quarter.

Direxion Daily Consumer Discretionary Bull 3x Shares Stock Performance

Direxion Daily Consumer Discretionary Bull 3x Shares stock traded down $0.29 during midday trading on Monday, hitting $43.00. 74,318 shares of the company’s stock were exchanged, compared to its average volume of 32,723. Direxion Daily Consumer Discretionary Bull 3x Shares has a 52-week low of $32.74 and a 52-week high of $57.27. The stock has a 50-day moving average price of $41.70 and a two-hundred day moving average price of $46.96. The company has a market cap of $19.35 million, a P/E 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.