Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Short Interest Update

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 7,845 shares, a decline of 38.7% from the April 15th total of 12,802 shares. Based on an average daily volume of 53,868 shares, the days-to-cover ratio is currently 0.1 days. Currently, 1.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On Direxion Daily Consumer Discretionary Bull 3x Shares

Hedge funds have recently bought and sold shares of the stock. Qube Research & Technologies Ltd lifted its position in Direxion Daily Consumer Discretionary Bull 3x Shares by 99.8% during the third quarter. Qube Research & Technologies Ltd now owns 923 shares of the company’s stock valued at $49,000 after purchasing an additional 461 shares during the last quarter. Safe Harbor Fiduciary LLC bought a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares during the fourth quarter valued at approximately $117,000. Rovin Capital UT ADV lifted its position in Direxion Daily Consumer Discretionary Bull 3x Shares by 6.5% during the third quarter. Rovin Capital UT ADV now owns 8,379 shares of the company’s stock valued at $447,000 after purchasing an additional 513 shares during the last quarter. Susquehanna International Group LLP bought a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the 3rd quarter worth approximately $914,000. Finally, Virtu Financial LLC bought a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the 3rd quarter worth approximately $938,000.

Direxion Daily Consumer Discretionary Bull 3x Shares Stock Performance

Direxion Daily Consumer Discretionary Bull 3x Shares stock traded down $2.48 during mid-day trading on Friday, hitting $43.29. 47,434 shares of the company traded hands, compared to its average volume of 32,276. Direxion Daily Consumer Discretionary Bull 3x Shares has a one year low of $32.74 and a one year high of $57.27. The stock has a market cap of $19.48 million, a price-to-earnings ratio of 32.80 and a beta of 3.72. The stock has a fifty day moving average price of $41.70 and a 200-day moving average price of $47.01.

About Direxion Daily Consumer Discretionary Bull 3x Shares

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.