Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Short Interest Down 46.1% in August

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) saw a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 16,278 shares, a decline of 46.1% from the July 30th total of 30,209 shares. Based on an average trading volume of 33,398 shares, the short-interest ratio is presently 0.5 days. Approximately 3.6% of the shares of the stock are short sold.

Direxion Daily Consumer Discretionary Bull 3x Shares Stock Performance

WANT traded down $2.08 during trading on Tuesday, reaching $38.58. The stock had a trading volume of 12,658 shares, compared to its average volume of 30,427. The business has a 50-day moving average of $41.14 and a 200-day moving average of $42.31. Direxion Daily Consumer Discretionary Bull 3x Shares has a one year low of $32.74 and a one year high of $57.27. The stock has a market cap of $17.36 million, a PE ratio of 32.80 and a beta of 3.68.

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

A number of institutional investors have recently made changes to their positions in the business. Virtu Financial LLC purchased a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the third quarter worth about $938,000. Qube Research & Technologies Ltd increased its stake in 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 worth $49,000 after purchasing an additional 461 shares during the period. Susquehanna International Group LLP bought a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares in the third quarter valued at approximately $914,000. Safe Harbor Fiduciary LLC purchased a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares during the fourth quarter valued at approximately $117,000. Finally, TD Waterhouse Canada Inc. bought a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the second quarter worth approximately $33,000.

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.