Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) Sees Significant Decrease in Short Interest

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) was the recipient of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 2,707 shares, a decline of 19.6% from the December 15th total of 3,368 shares. Based on an average daily trading volume, of 13,406 shares, the short-interest ratio is currently 0.2 days. Approximately 0.6% of the company’s shares are sold short. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 13,406 shares, the short-interest ratio is currently 0.2 days.

Direxion Daily Transportation Bull 3X Shares Trading Down 2.2%

Shares of TPOR stock opened at $33.91 on Monday. Direxion Daily Transportation Bull 3X Shares has a 1-year low of $14.02 and a 1-year high of $37.28. The stock has a market cap of $15.26 million, a price-to-earnings ratio of 12.38 and a beta of 3.78. The stock has a 50-day moving average of $30.18 and a 200-day moving average of $28.18.

Institutional Investors Weigh In On Direxion Daily Transportation Bull 3X Shares

Large investors have recently added to or reduced their stakes in the business. Virtu Financial LLC grew its position in shares of Direxion Daily Transportation Bull 3X Shares by 20.6% during the 3rd quarter. Virtu Financial LLC now owns 11,968 shares of the company’s stock worth $334,000 after buying an additional 2,043 shares during the period. Prospera Financial Services Inc bought a new stake in Direxion Daily Transportation Bull 3X Shares during the third quarter worth $512,000. Finally, Susquehanna International Group LLP grew its stake in shares of Direxion Daily Transportation Bull 3X Shares by 168.9% in the 3rd quarter. Susquehanna International Group LLP now owns 40,400 shares of the company’s stock worth $1,127,000 after acquiring an additional 25,378 shares in the last quarter.

About Direxion Daily Transportation Bull 3X Shares

The Direxion Daily Transportation Bull 3X Shares (TPOR) is an exchange-traded fund that mostly invests in industrials equity. The fund provides 3x leveraged exposure to a modified market cap-weighted index of US transportation companies. TPOR was launched on May 3, 2017 and is managed by Direxion.