Short Interest in Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Decreases By 46.1%

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) saw a large decrease in short interest in August. As of August 14th, there was short interest totaling 16,278 shares, a decrease of 46.1% from the July 30th total of 30,209 shares. Currently, 3.6% of the shares of the company are sold short. Based on an average daily trading volume, of 33,398 shares, the days-to-cover ratio is presently 0.5 days.

Hedge Funds Weigh In On Direxion Daily Consumer Discretionary Bull 3x Shares

Large investors have recently made changes to their positions in the stock. Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares during the 4th quarter valued at $117,000. Susquehanna International Group LLP bought a new position in Direxion Daily Consumer Discretionary Bull 3x Shares in the 3rd quarter worth about $914,000. Virtu Financial LLC bought a new position in Direxion Daily Consumer Discretionary Bull 3x Shares in the 3rd quarter worth about $938,000. Qube Research & Technologies Ltd grew its holdings in Direxion Daily Consumer Discretionary Bull 3x Shares by 99.8% during the 3rd quarter. Qube Research & Technologies Ltd now owns 923 shares of the company’s stock valued at $49,000 after buying an additional 461 shares in the last quarter. Finally, TD Waterhouse Canada Inc. purchased a new position in Direxion Daily Consumer Discretionary Bull 3x Shares during the 2nd quarter valued at about $33,000.

Direxion Daily Consumer Discretionary Bull 3x Shares Stock Up 3.2%

WANT traded up $1.29 on Friday, hitting $41.28. The company’s stock had a trading volume of 11,151 shares, compared to its average volume of 30,669. Direxion Daily Consumer Discretionary Bull 3x Shares has a 12 month low of $32.74 and a 12 month high of $57.27. The firm has a market cap of $18.58 million, a P/E ratio of 32.80 and a beta of 3.68. The company’s 50 day simple moving average is $41.14 and its 200-day simple moving average is $42.39.

Direxion Daily Consumer Discretionary Bull 3x Shares Company Profile

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.