Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) Short Interest Update

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 22,116 shares, a drop of 41.3% from the April 15th total of 37,666 shares. Currently, 4.4% of the company’s shares are short sold. Based on an average daily volume of 23,632 shares, the days-to-cover ratio is presently 0.9 days.

Direxion Daily Transportation Bull 3X Shares Trading Down 3.2%

Shares of Direxion Daily Transportation Bull 3X Shares stock traded down $1.11 during trading hours on Tuesday, reaching $33.33. The stock had a trading volume of 7,389 shares, compared to its average volume of 24,214. The firm has a 50 day simple moving average of $31.85 and a two-hundred day simple moving average of $31.99. The firm has a market capitalization of $16.67 million, a price-to-earnings ratio of 12.38 and a beta of 3.65. Direxion Daily Transportation Bull 3X Shares has a 1 year low of $21.04 and a 1 year high of $40.43.

Institutional Investors Weigh In On Direxion Daily Transportation Bull 3X Shares

A number of large investors have recently modified their holdings of TPOR. Prospera Financial Services Inc acquired a new stake in shares of Direxion Daily Transportation Bull 3X Shares in the third quarter valued at about $512,000. Virtu Financial LLC grew 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 valued at $334,000 after buying an additional 2,043 shares in the last quarter. Finally, Susquehanna International Group LLP grew its stake in shares of Direxion Daily Transportation Bull 3X Shares by 168.9% in the third quarter. Susquehanna International Group LLP now owns 40,400 shares of the company’s stock valued at $1,127,000 after buying an additional 25,378 shares in the last quarter.

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.