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

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totaling 5,271 shares, an increase of 94.7% from the December 31st total of 2,707 shares. Currently, 1.2% of the company’s shares are sold short. Based on an average trading volume of 23,233 shares, the days-to-cover ratio is presently 0.2 days. Based on an average trading volume of 23,233 shares, the days-to-cover ratio is presently 0.2 days. Currently, 1.2% of the company’s shares are sold short.

Direxion Daily Transportation Bull 3X Shares Price Performance

Shares of NYSEARCA:TPOR traded down $0.79 during midday trading on Friday, reaching $32.09. 14,885 shares of the company’s stock were exchanged, compared to its average volume of 20,694. The firm’s 50 day simple moving average is $31.43 and its two-hundred day simple moving average is $28.49. Direxion Daily Transportation Bull 3X Shares has a fifty-two week low of $14.02 and a fifty-two week high of $36.84. The stock has a market cap of $14.44 million, a price-to-earnings ratio of 12.38 and a beta of 3.78.

Institutional Trading of Direxion Daily Transportation Bull 3X Shares

Institutional investors and hedge funds have recently bought and sold shares of the business. Virtu Financial LLC increased 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 worth $334,000 after buying an additional 2,043 shares during the period. Prospera Financial Services Inc acquired a new position in shares of Direxion Daily Transportation Bull 3X Shares during the third quarter worth $512,000. Finally, Susquehanna International Group LLP boosted its position in shares of 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 acquiring an additional 25,378 shares in the last quarter.

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.