Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) Short Interest Up 94.7% in January

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) was the target of a large 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 short sold. 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 short sold.

Institutional Trading of Direxion Daily Transportation Bull 3X Shares

Hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP raised its position in Direxion Daily Transportation Bull 3X Shares by 168.9% in the 3rd quarter. Susquehanna International Group LLP now owns 40,400 shares of the company’s stock worth $1,127,000 after buying an additional 25,378 shares during the last quarter. Prospera Financial Services Inc purchased a new stake in shares of Direxion Daily Transportation Bull 3X Shares in the 3rd quarter worth $512,000. Finally, Virtu Financial LLC raised its stake in shares of Direxion Daily Transportation Bull 3X Shares by 20.6% in the third quarter. Virtu Financial LLC now owns 11,968 shares of the company’s stock worth $334,000 after buying an additional 2,043 shares during the period.

Direxion Daily Transportation Bull 3X Shares Stock Performance

Shares of NYSEARCA TPOR traded down $0.79 during mid-day trading on Friday, hitting $32.09. The stock had a trading volume of 14,885 shares, compared to its average volume of 20,694. The firm has a market cap of $14.44 million, a P/E ratio of 12.38 and a beta of 3.78. Direxion Daily Transportation Bull 3X Shares has a 1 year low of $14.02 and a 1 year high of $36.84. The business has a 50 day moving average price of $31.43 and a two-hundred day moving average price of $28.49.

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.