Short Interest in Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Decreases By 41.7%

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 53,315 shares, a drop of 41.7% from the December 15th total of 91,479 shares. Currently, 3.5% of the shares of the company are short sold. Based on an average daily trading volume, of 60,884 shares, the short-interest ratio is currently 0.9 days. Based on an average daily trading volume, of 60,884 shares, the short-interest ratio is currently 0.9 days. Currently, 3.5% of the shares of the company are short sold.

Direxion Daily Real Estate Bear 3X Shares Price Performance

Shares of Direxion Daily Real Estate Bear 3X Shares stock traded down $0.51 during trading hours on Thursday, hitting $24.05. The company’s stock had a trading volume of 74,806 shares, compared to its average volume of 87,530. The business has a 50 day moving average price of $26.13 and a two-hundred day moving average price of $25.18. Direxion Daily Real Estate Bear 3X Shares has a 12-month low of $22.65 and a 12-month high of $41.00.

Institutional Investors Weigh In On Direxion Daily Real Estate Bear 3X Shares

A hedge fund recently raised its stake in Direxion Daily Real Estate Bear 3X Shares stock. Group One Trading LLC increased its position in Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) by 106.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,662 shares of the company’s stock after acquiring an additional 1,892 shares during the period. Group One Trading LLC owned approximately 0.20% of Direxion Daily Real Estate Bear 3X Shares worth $92,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily Real Estate Bear 3X Shares Company Profile

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.