Short Interest in Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Expands By 278.5%

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 29,697 shares, an increase of 278.5% from the April 30th total of 7,845 shares. Approximately 6.6% of the company’s stock are sold short. Based on an average daily trading volume, of 32,830 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On Direxion Daily Consumer Discretionary Bull 3x Shares

Several large investors have recently made changes to their positions in the stock. Safe Harbor Fiduciary LLC acquired a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the 4th quarter valued at approximately $117,000. Susquehanna International Group LLP acquired a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the 3rd quarter valued at approximately $914,000. Qube Research & Technologies Ltd boosted its holdings in shares of Direxion Daily Consumer Discretionary Bull 3x Shares by 99.8% in 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 during the last quarter. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the 3rd quarter valued at approximately $938,000.

Direxion Daily Consumer Discretionary Bull 3x Shares Stock Down 1.7%

Shares of NYSEARCA WANT traded down $0.85 during trading hours on Friday, hitting $48.50. The company had a trading volume of 8,904 shares, compared to its average volume of 32,240. The stock has a market capitalization of $21.83 million, a P/E ratio of 32.80 and a beta of 3.72. Direxion Daily Consumer Discretionary Bull 3x Shares has a 1-year low of $32.74 and a 1-year high of $57.27. The firm’s 50 day moving average is $42.41 and its 200-day moving average is $46.60.

About Direxion Daily Consumer Discretionary Bull 3x Shares

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.