Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Sees Large Increase in Short Interest

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 69,120 shares, a growth of 29.6% from the December 31st total of 53,315 shares. Approximately 4.2% of the shares of the stock are sold short. Based on an average trading volume of 96,404 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 96,404 shares, the short-interest ratio is presently 0.7 days. Approximately 4.2% of the shares of the stock are sold short.

Direxion Daily Real Estate Bear 3X Shares Price Performance

Direxion Daily Real Estate Bear 3X Shares stock traded up $0.86 during trading hours on Monday, hitting $25.38. The stock had a trading volume of 54,151 shares, compared to its average volume of 87,421. The business’s 50 day simple moving average is $25.76 and its 200-day simple moving average is $25.14. Direxion Daily Real Estate Bear 3X Shares has a one year low of $22.65 and a one year high of $41.00.

Institutional Investors 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 grew its stake in Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) by 106.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,662 shares of the company’s stock after buying an additional 1,892 shares during the period. Group One Trading LLC owned 0.20% of Direxion Daily Real Estate Bear 3X Shares worth $92,000 as of its most recent filing with the Securities and Exchange Commission.

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.