Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Short Interest Down 51.5% in May

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 14,417 shares, a decrease of 51.5% from the May 14th total of 29,697 shares. Based on an average trading volume of 33,325 shares, the days-to-cover ratio is presently 0.4 days. Currently, 3.2% of the company’s stock are sold short.

Direxion Daily Consumer Discretionary Bull 3x Shares Trading Up 4.9%

NYSEARCA WANT traded up $2.09 during trading on Monday, hitting $44.69. 34,367 shares of the company traded hands, compared to its average volume of 31,609. Direxion Daily Consumer Discretionary Bull 3x Shares has a 12 month low of $32.74 and a 12 month high of $57.27. The business has a fifty day simple moving average of $44.02 and a 200 day simple moving average of $46.36. The company has a market capitalization of $20.11 million, a P/E ratio of 32.80 and a beta of 3.68.

Hedge Funds Weigh In On Direxion Daily Consumer Discretionary Bull 3x Shares

Institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new position in Direxion Daily Consumer Discretionary Bull 3x Shares during the third quarter valued at approximately $938,000. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the third quarter worth $914,000. Safe Harbor Fiduciary LLC acquired a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the fourth quarter worth $117,000. Finally, Qube Research & Technologies Ltd lifted 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 buying an additional 461 shares during the last quarter.

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.