Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) Short Interest Up 332.6% in February

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) saw a large increase in short interest during the month of February. As of February 13th, there was short interest totaling 21,827 shares, an increase of 332.6% from the January 29th total of 5,046 shares. Based on an average daily volume of 38,796 shares, the days-to-cover ratio is currently 0.6 days. Approximately 4.9% of the company’s stock are sold short. Approximately 4.9% of the company’s stock are sold short. Based on an average daily volume of 38,796 shares, the days-to-cover ratio is currently 0.6 days.

Direxion Daily Transportation Bull 3X Shares Trading Down 1.4%

TPOR stock opened at $38.20 on Friday. Direxion Daily Transportation Bull 3X Shares has a 1 year low of $14.02 and a 1 year high of $40.43. The company has a fifty day simple moving average of $34.38 and a 200 day simple moving average of $30.06. The firm has a market cap of $17.19 million, a PE ratio of 12.38 and a beta of 3.78.

Institutional Trading of Direxion Daily Transportation Bull 3X Shares

A number of institutional investors and hedge funds have recently made changes to their positions in TPOR. Susquehanna International Group LLP increased its holdings in shares of Direxion Daily Transportation Bull 3X Shares by 168.9% during the 3rd quarter. Susquehanna International Group LLP now owns 40,400 shares of the company’s stock valued at $1,127,000 after acquiring an additional 25,378 shares during the last quarter. 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 during the period. Finally, Prospera Financial Services Inc acquired a new position in Direxion Daily Transportation Bull 3X Shares during the third quarter valued at approximately $512,000.

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.