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

Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 48,647 shares, a decrease of 29.6% from the January 15th total of 69,120 shares. Based on an average trading volume of 81,873 shares, the short-interest ratio is presently 0.6 days. Approximately 3.1% of the shares of the company are short sold. Approximately 3.1% of the shares of the company are short sold. Based on an average trading volume of 81,873 shares, the short-interest ratio is presently 0.6 days.

Hedge Funds Weigh In On Direxion Daily Real Estate Bear 3X Shares

An institutional investor recently raised its stake in Direxion Daily Real Estate Bear 3X Shares stock. Group One Trading LLC boosted its holdings in Direxion Daily Real Estate Bear 3X Shares (NYSEARCA:DRV) by 21.8% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,462 shares of the company’s stock after acquiring an additional 800 shares during the quarter. Group One Trading LLC owned 0.27% of Direxion Daily Real Estate Bear 3X Shares worth $106,000 at the end of the most recent reporting period.

Direxion Daily Real Estate Bear 3X Shares Trading Down 4.2%

Shares of DRV stock traded down $0.93 during trading hours on Monday, hitting $21.20. 296,834 shares of the company were exchanged, compared to its average volume of 137,334. Direxion Daily Real Estate Bear 3X Shares has a 52-week low of $20.80 and a 52-week high of $41.00. The firm has a fifty day simple moving average of $25.25 and a 200 day simple moving average of $25.09.

Direxion Daily Real Estate Bear 3X Shares Company Profile

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.