Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Short Interest Up 52.9% in July

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the target of a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 30,209 shares, a growth of 52.9% from the July 15th total of 19,759 shares. Based on an average daily trading volume, of 38,983 shares, the days-to-cover ratio is presently 0.8 days. Approximately 6.7% of the company’s stock are short sold.

Institutional Trading of Direxion Daily Consumer Discretionary Bull 3x Shares

A number of hedge funds have recently added to or reduced their stakes in WANT. Virtu Financial LLC purchased a new position in Direxion Daily Consumer Discretionary Bull 3x Shares during the 3rd quarter valued at about $938,000. Susquehanna International Group LLP purchased a new stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the 3rd quarter worth approximately $914,000. Safe Harbor Fiduciary LLC bought a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares during the fourth quarter valued at approximately $117,000. Finally, Qube Research & Technologies Ltd boosted its stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares by 99.8% during the third quarter. Qube Research & Technologies Ltd now owns 923 shares of the company’s stock valued at $49,000 after purchasing an additional 461 shares in the last quarter.

Direxion Daily Consumer Discretionary Bull 3x Shares Stock Performance

WANT opened at $41.05 on Tuesday. Direxion Daily Consumer Discretionary Bull 3x Shares has a 12-month low of $32.74 and a 12-month high of $57.27. The business’s fifty day simple moving average is $41.32 and its 200-day simple moving average is $42.91. The company has a market capitalization of $18.47 million, a price-to-earnings ratio of 32.80 and a beta of 3.68.

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.