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

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) was the target of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 69,120 shares, a growth of 29.6% from the December 31st total of 53,315 shares. Based on an average daily volume of 96,404 shares, the short-interest ratio is currently 0.7 days. Currently, 4.2% of the shares of the company are sold short. Currently, 4.2% of the shares of the company are sold short. Based on an average daily volume of 96,404 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Direxion Daily Real Estate Bear 3X Shares

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 position in Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,000 shares of the company’s stock, valued at approximately $265,000. J. Safra Sarasin Holding AG owned 0.65% of Direxion Daily Real Estate Bear 3X Shares at the end of the most recent quarter.

Direxion Daily Real Estate Bear 3X Shares Trading Up 2.5%

DRV traded up $0.63 on Tuesday, hitting $26.01. 72,145 shares of the stock were exchanged, compared to its average volume of 86,715. The business has a 50-day moving average of $25.76 and a two-hundred day moving average of $25.14. Direxion Daily Real Estate Bear 3X Shares has a 12 month low of $22.65 and a 12 month high of $41.00.

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.