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

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

Direxion Daily Transportation Bull 3X Shares Price Performance

TPOR stock traded down $0.30 during midday trading on Monday, hitting $25.89. 9,787 shares of the stock traded hands, compared to its average volume of 25,818. Direxion Daily Transportation Bull 3X Shares has a 1-year low of $14.02 and a 1-year high of $40.43. The stock’s fifty day simple moving average is $33.40 and its 200-day simple moving average is $30.52. The firm has a market cap of $11.65 million, a P/E ratio of 12.38 and a beta of 3.78.

Institutional Investors Weigh In On Direxion Daily Transportation Bull 3X Shares

Institutional investors have recently modified their holdings of the business. Susquehanna International Group LLP raised its holdings in Direxion Daily Transportation Bull 3X Shares by 168.9% in 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 during the period. Prospera Financial Services Inc purchased a new position in Direxion Daily Transportation Bull 3X Shares during the third quarter worth approximately $512,000. Finally, Virtu Financial LLC boosted its position in Direxion Daily Transportation Bull 3X Shares by 20.6% during the third quarter. Virtu Financial LLC now owns 11,968 shares of the company’s stock worth $334,000 after purchasing an additional 2,043 shares in the last quarter.

About Direxion Daily Transportation Bull 3X Shares

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.