Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) Sees Large Decrease in Short Interest

Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) was the target of a significant drop in short interest during the month of December. As of December 31st, there was short interest totaling 324,068 shares, a drop of 41.2% from the December 15th total of 550,830 shares. Based on an average daily volume of 413,089 shares, the short-interest ratio is presently 0.8 days. Currently, 5.1% of the company’s stock are sold short. Currently, 5.1% of the company’s stock are sold short. Based on an average daily volume of 413,089 shares, the short-interest ratio is presently 0.8 days.

Hedge Funds Weigh In On Direxion Daily Real Estate Bull 3X Shares

A number of large investors have recently bought and sold shares of the business. Virtu Financial LLC boosted its position in Direxion Daily Real Estate Bull 3X Shares by 588.5% during the 3rd quarter. Virtu Financial LLC now owns 98,638 shares of the company’s stock valued at $966,000 after purchasing an additional 84,311 shares during the period. LifeGuide Financial Advisors LLC increased its holdings in shares of Direxion Daily Real Estate Bull 3X Shares by 18.0% in the 2nd quarter. LifeGuide Financial Advisors LLC now owns 90,412 shares of the company’s stock worth $863,000 after acquiring an additional 13,775 shares during the period. Group One Trading LLC raised its holdings in shares of Direxion Daily Real Estate Bull 3X Shares by 101.3% during the third quarter. Group One Trading LLC now owns 11,162 shares of the company’s stock valued at $109,000 after buying an additional 5,618 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its stake in Direxion Daily Real Estate Bull 3X Shares by 10.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 17,410 shares of the company’s stock valued at $166,000 after acquiring an additional 1,628 shares in the last quarter.

Direxion Daily Real Estate Bull 3X Shares Trading Up 3.5%

NYSEARCA DRN traded up $0.33 on Friday, hitting $9.66. 479,227 shares of the stock traded hands, compared to its average volume of 480,397. The company has a market capitalization of $60.34 million, a P/E ratio of 35.32 and a beta of 3.03. Direxion Daily Real Estate Bull 3X Shares has a twelve month low of $6.31 and a twelve month high of $11.94. The stock has a 50-day moving average of $8.72 and a 200 day moving average of $9.27.

Direxion Daily Real Estate Bull 3X Shares Company Profile

The Direxion Daily Real Estate Bull 3X Shares (DRN) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index. The fund provides 3x leveraged exposure to an index that captures large cap equities of the US real estate segment. DRN was launched on Jul 16, 2009 and is managed by Direxion.