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

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 53,315 shares, a decline of 41.7% from the December 15th total of 91,479 shares. Based on an average daily trading volume, of 60,884 shares, the short-interest ratio is presently 0.9 days. Approximately 3.5% of the shares of the company are short sold. Approximately 3.5% of the shares of the company are short sold. Based on an average daily trading volume, of 60,884 shares, the short-interest ratio is presently 0.9 days.

Direxion Daily Real Estate Bear 3X Shares Stock Down 2.1%

NYSEARCA:DRV traded down $0.51 during trading on Thursday, reaching $24.05. The company’s stock had a trading volume of 74,806 shares, compared to its average volume of 87,530. Direxion Daily Real Estate Bear 3X Shares has a 12 month low of $22.65 and a 12 month high of $41.00. The firm has a 50 day moving average of $26.13 and a 200-day moving average of $25.18.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Direxion Daily Real Estate Bear 3X Shares stock. Group One Trading LLC increased its holdings in Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) by 106.9% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor 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 SEC filing.

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.