Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) Short Interest Update

Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 433,172 shares, a growth of 21.8% from the January 15th total of 355,686 shares. Based on an average daily trading volume, of 591,289 shares, the short-interest ratio is currently 0.7 days. Currently, 7.3% of the shares of the stock are short sold. Currently, 7.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 591,289 shares, the short-interest ratio is currently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Virtu Financial LLC boosted its holdings in shares of 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 acquiring an additional 84,311 shares in the last quarter. Group One Trading LLC raised its position in Direxion Daily Real Estate Bull 3X Shares by 101.3% in the third quarter. Group One Trading LLC now owns 11,162 shares of the company’s stock valued at $109,000 after purchasing an additional 5,618 shares during the last quarter. Finally, SBI Securities Co. Ltd. raised its position in Direxion Daily Real Estate Bull 3X Shares by 10.3% in the second quarter. SBI Securities Co. Ltd. now owns 17,410 shares of the company’s stock valued at $166,000 after purchasing an additional 1,628 shares during the last quarter.

Direxion Daily Real Estate Bull 3X Shares Stock Up 4.2%

NYSEARCA:DRN opened at $10.44 on Tuesday. The firm has a market capitalization of $61.60 million, a PE 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’s 50-day simple moving average is $8.94 and its 200 day simple moving average is $9.19.

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.