Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Short Interest Up 278.5% in May

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the target of a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 29,697 shares, a growth of 278.5% from the April 30th total of 7,845 shares. Based on an average daily volume of 32,830 shares, the short-interest ratio is currently 0.9 days. Approximately 6.6% of the shares of the company are sold short.

Institutional Investors Weigh In On Direxion Daily Consumer Discretionary Bull 3x Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC bought a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares during the 4th quarter worth approximately $117,000. Susquehanna International Group LLP bought a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the third quarter worth approximately $914,000. Qube Research & Technologies Ltd increased its stake in shares of 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 worth $49,000 after purchasing an additional 461 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the third quarter worth $938,000.

Direxion Daily Consumer Discretionary Bull 3x Shares Stock Down 2.9%

NYSEARCA WANT opened at $47.94 on Friday. The stock’s 50-day moving average price is $42.61 and its 200-day moving average price is $46.61. Direxion Daily Consumer Discretionary Bull 3x Shares has a 52 week low of $32.74 and a 52 week high of $57.27. The company has a market capitalization of $21.57 million, a P/E ratio of 32.80 and a beta of 3.72.

Direxion Daily Consumer Discretionary Bull 3x Shares Company Profile

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.