Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Short Interest Update

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the recipient of a large decrease in short interest in March. As of March 13th, there was short interest totaling 18,616 shares, a decrease of 14.6% from the February 26th total of 21,787 shares. Based on an average daily trading volume, of 16,217 shares, the days-to-cover ratio is presently 1.1 days. Approximately 4.1% of the company’s shares are short sold.

Direxion Daily Consumer Discretionary Bull 3x Shares Stock Performance

Shares of WANT opened at $33.12 on Tuesday. The business’s fifty day moving average price is $44.88 and its two-hundred day moving average price is $48.93. The firm has a market capitalization of $14.90 million, a price-to-earnings ratio of 32.80 and a beta of 3.71. Direxion Daily Consumer Discretionary Bull 3x Shares has a 52 week low of $22.68 and a 52 week high of $57.27.

Institutional Trading of Direxion Daily Consumer Discretionary Bull 3x Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd boosted its stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares by 99.8% in the 3rd 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 last quarter. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily Consumer Discretionary Bull 3x Shares in the fourth quarter valued at approximately $117,000. EverSource Wealth Advisors LLC lifted its holdings in Direxion Daily Consumer Discretionary Bull 3x Shares by 98.5% in the second 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 stake in Direxion Daily Consumer Discretionary Bull 3x Shares by 6.5% in the third quarter. Rovin Capital UT ADV now owns 8,379 shares of the company’s stock valued at $447,000 after acquiring an additional 513 shares during the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares during the 3rd quarter worth $914,000.

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.