Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Short Interest Update

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

Direxion Daily Consumer Discretionary Bull 3x Shares Stock Down 5.4%

NYSEARCA WANT traded down $2.48 during trading hours on Friday, reaching $43.29. 47,434 shares of the company were exchanged, compared to its average volume of 32,276. Direxion Daily Consumer Discretionary Bull 3x Shares has a 1 year low of $32.74 and a 1 year high of $57.27. The business’s 50 day simple moving average is $41.70 and its 200-day simple moving average is $47.01. The stock has a market capitalization of $19.48 million, a P/E ratio of 32.80 and a beta of 3.72.

Institutional Trading of Direxion Daily Consumer Discretionary Bull 3x Shares

A number of large investors have recently added to or reduced their stakes in WANT. Qube Research & Technologies Ltd increased its holdings in Direxion Daily Consumer Discretionary Bull 3x Shares by 99.8% during 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 during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares during the fourth quarter worth about $117,000. Rovin Capital UT ADV increased its holdings in Direxion Daily Consumer Discretionary Bull 3x Shares by 6.5% during 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 during the last quarter. Susquehanna International Group LLP purchased a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares during the third quarter worth about $914,000. Finally, Virtu Financial LLC purchased a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares during the third quarter worth about $938,000.

About Direxion Daily Consumer Discretionary Bull 3x Shares

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.