Short Interest in Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Increases By 19.1%

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) was the recipient of a significant growth in short interest during the month of February. As of February 13th, there was short interest totaling 57,956 shares, a growth of 19.1% from the January 29th total of 48,647 shares. Based on an average daily trading volume, of 233,886 shares, the days-to-cover ratio is presently 0.2 days. Approximately 3.7% of the shares of the company are short sold. Approximately 3.7% of the shares of the company are short sold. Based on an average daily trading volume, of 233,886 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DRV. Group One Trading LLC raised its position in shares of Direxion Daily Real Estate Bear 3X Shares by 21.8% in the third quarter. Group One Trading LLC now owns 4,462 shares of the company’s stock worth $106,000 after acquiring an additional 800 shares during the period. Virtu Financial LLC increased its stake in shares of Direxion Daily Real Estate Bear 3X Shares by 17.6% in the 4th quarter. Virtu Financial LLC now owns 37,463 shares of the company’s stock valued at $994,000 after purchasing an additional 5,614 shares in the last quarter. J. Safra Sarasin Holding AG purchased a new position in shares of Direxion Daily Real Estate Bear 3X Shares in the 4th quarter valued at about $265,000. Finally, Quadrature Capital Ltd acquired a new position in Direxion Daily Real Estate Bear 3X Shares in the 4th quarter worth about $335,000.

Direxion Daily Real Estate Bear 3X Shares Stock Down 0.3%

Direxion Daily Real Estate Bear 3X Shares stock opened at $20.90 on Thursday. The business’s 50-day moving average price is $23.88 and its 200 day moving average price is $24.71. Direxion Daily Real Estate Bear 3X Shares has a 52 week low of $20.46 and a 52 week high of $41.00.

About Direxion Daily Real Estate Bear 3X Shares

The Direxion Daily Real Estate Bear 3X Shares (DRV) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index. The fund provides 3x leveraged inverse exposure to an index that captures large cap equities of the US real estate segment. DRV was launched on Jul 16, 2009 and is managed by Direxion.