Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) Sees Significant Growth in Short Interest

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 5,271 shares, a growth of 94.7% from the December 31st total of 2,707 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average daily volume of 23,233 shares, the short-interest ratio is currently 0.2 days. Based on an average daily volume of 23,233 shares, the short-interest ratio is currently 0.2 days. Approximately 1.2% of the company’s shares are sold short.

Direxion Daily Transportation Bull 3X Shares Stock Down 2.4%

TPOR traded down $0.79 during midday trading on Friday, hitting $32.09. 14,885 shares of the company were exchanged, compared to its average volume of 20,694. The firm’s 50 day moving average price is $31.43 and its 200-day moving average price is $28.49. Direxion Daily Transportation Bull 3X Shares has a 1-year low of $14.02 and a 1-year high of $36.84. The firm has a market capitalization of $14.44 million, a P/E ratio of 12.38 and a beta of 3.78.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC boosted 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 purchasing an additional 2,043 shares during the last quarter. Prospera Financial Services Inc acquired a new position in Direxion Daily Transportation Bull 3X Shares in the third quarter valued at $512,000. Finally, Susquehanna International Group LLP boosted its position in Direxion Daily Transportation Bull 3X Shares by 168.9% during the third 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 during 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.