Short Interest in Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Declines By 17.1%

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) saw a significant drop in short interest in January. As of January 30th, there was short interest totaling 16,327 shares, a drop of 17.1% from the January 15th total of 19,695 shares. Based on an average daily volume of 18,145 shares, the short-interest ratio is currently 0.9 days. Currently, 3.6% of the company’s stock are sold short. Currently, 3.6% of the company’s stock are sold short. Based on an average daily volume of 18,145 shares, the short-interest ratio is currently 0.9 days.

Direxion Daily Consumer Discretionary Bull 3x Shares Price Performance

Shares of NYSEARCA:WANT traded down $0.14 during trading on Tuesday, hitting $45.07. The company had a trading volume of 16,292 shares, compared to its average volume of 21,706. Direxion Daily Consumer Discretionary Bull 3x Shares has a one year low of $22.68 and a one year high of $57.27. The stock has a market cap of $20.28 million, a price-to-earnings ratio of 32.80 and a beta of 3.71. The company has a fifty day simple moving average of $51.69 and a two-hundred day simple moving average of $50.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WANT. Qube Research & Technologies Ltd grew its holdings in Direxion Daily Consumer Discretionary Bull 3x Shares by 99.8% in the third quarter. Qube Research & Technologies Ltd now owns 923 shares of the company’s stock valued at $49,000 after purchasing an additional 461 shares during the period. EverSource Wealth Advisors LLC increased its stake in Direxion Daily Consumer Discretionary Bull 3x Shares by 98.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,800 shares of the company’s stock valued at $199,000 after buying an additional 2,382 shares during the period. Rovin Capital UT ADV boosted its position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares by 6.5% during the 3rd quarter. Rovin Capital UT ADV now owns 8,379 shares of the company’s stock valued at $447,000 after purchasing an additional 513 shares in the last quarter. Susquehanna International Group LLP acquired a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares during the 3rd quarter worth about $914,000. Finally, Virtu Financial LLC purchased a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares during the 3rd quarter valued at $938,000.

About Direxion Daily Consumer Discretionary Bull 3x Shares

The Direxion Daily Cnsmr Discret Bull 3XShrs (WANT) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 3x leveraged exposure to the U.S. consumer discretionary sector. WANT was launched on Nov 29, 2018 and is managed by Direxion.