Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) Short Interest Down 31.2% in March

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) saw a large decline in short interest in March. As of March 13th, there was short interest totaling 13,298 shares, a decline of 31.2% from the February 26th total of 19,331 shares. Based on an average daily trading volume, of 31,964 shares, the days-to-cover ratio is currently 0.4 days. Currently, 3.0% of the shares of the stock are short sold.

Institutional Trading of Direxion Daily Transportation Bull 3X Shares

Hedge funds and other institutional investors have recently modified their holdings of the company. Prospera Financial Services Inc purchased a new stake in shares of Direxion Daily Transportation Bull 3X Shares in the 3rd quarter valued at approximately $512,000. Susquehanna International Group LLP grew its position in Direxion Daily Transportation Bull 3X Shares by 168.9% during the 3rd quarter. Susquehanna International Group LLP now owns 40,400 shares of the company’s stock worth $1,127,000 after purchasing an additional 25,378 shares in the last quarter. Finally, Virtu Financial LLC raised its stake in 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 valued at $334,000 after purchasing an additional 2,043 shares during the period.

Direxion Daily Transportation Bull 3X Shares Price Performance

Shares of Direxion Daily Transportation Bull 3X Shares stock traded down $1.31 on Friday, hitting $26.19. The company had a trading volume of 19,110 shares, compared to its average volume of 26,090. Direxion Daily Transportation Bull 3X Shares has a 52 week low of $14.02 and a 52 week high of $40.43. The company has a market cap of $11.79 million, a PE ratio of 12.38 and a beta of 3.78. The business has a 50-day simple moving average of $33.56 and a 200-day simple moving average of $30.50.

Direxion Daily Transportation Bull 3X Shares Company Profile

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.