Short Interest in Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Expands By 18.3%

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 70,134 shares, an increase of 18.3% from the February 26th total of 59,280 shares. Approximately 4.4% of the shares of the stock are short sold. Based on an average daily volume of 158,313 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily Real Estate Bear 3X Shares Trading Down 2.3%

DRV traded down $0.59 on Tuesday, hitting $25.58. 16,123 shares of the stock were exchanged, compared to its average volume of 145,181. Direxion Daily Real Estate Bear 3X Shares has a 12 month low of $20.46 and a 12 month high of $41.00. The business has a 50-day moving average of $23.29 and a two-hundred day moving average of $24.64.

Institutional Trading of Direxion Daily Real Estate Bear 3X Shares

Large investors have recently made changes to their positions in the company. Group One Trading LLC increased its stake in Direxion Daily Real Estate Bear 3X Shares by 106.9% in the second quarter. Group One Trading LLC now owns 3,662 shares of the company’s stock valued at $92,000 after acquiring an additional 1,892 shares during the last quarter. J. Safra Sarasin Holding AG bought a new stake in Direxion Daily Real Estate Bear 3X Shares during the fourth quarter worth $265,000. Quadrature Capital Ltd acquired a new stake in shares of Direxion Daily Real Estate Bear 3X Shares in the 4th quarter valued at $335,000. Finally, Virtu Financial LLC boosted its holdings 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.

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.