Short Interest in Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) Declines By 29.6%

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) was the target of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 48,647 shares, a decline of 29.6% from the January 15th total of 69,120 shares. Approximately 3.1% of the company’s shares are short sold. Based on an average daily trading volume, of 81,873 shares, the short-interest ratio is currently 0.6 days. Based on an average daily trading volume, of 81,873 shares, the short-interest ratio is currently 0.6 days. Approximately 3.1% of the company’s shares are short sold.

Direxion Daily Real Estate Bear 3X Shares Stock Down 4.2%

Shares of NYSEARCA DRV traded down $0.93 during trading on Friday, hitting $21.20. 296,834 shares of the company traded hands, compared to its average volume of 137,334. The company has a 50-day moving average price of $25.36 and a 200-day moving average price of $25.10. Direxion Daily Real Estate Bear 3X Shares has a 1 year low of $20.80 and a 1 year high of $41.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily Real Estate Bear 3X Shares stock. J. Safra Sarasin Holding AG purchased a new stake in Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 10,000 shares of the company’s stock, valued at approximately $265,000. J. Safra Sarasin Holding AG owned about 0.65% of Direxion Daily Real Estate Bear 3X Shares at the end of the most recent 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.