Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Short Interest Down 14.6% in March

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 18,616 shares, a drop of 14.6% from the February 26th total of 21,787 shares. Currently, 4.1% of the shares of the company are short sold. Based on an average daily volume of 16,217 shares, the days-to-cover ratio is presently 1.1 days.

Institutional Trading of Direxion Daily Consumer Discretionary Bull 3x Shares

Several large investors have recently added to or reduced their stakes in the business. Qube Research & Technologies Ltd raised its stake 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 acquiring an additional 461 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares during the fourth quarter valued at $117,000. EverSource Wealth Advisors LLC increased its holdings in shares of Direxion Daily Consumer Discretionary Bull 3x Shares by 98.5% during the second quarter. EverSource Wealth Advisors LLC now owns 4,800 shares of the company’s stock valued at $199,000 after purchasing an additional 2,382 shares during the period. Rovin Capital UT ADV raised its stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares by 6.5% during the third quarter. Rovin Capital UT ADV now owns 8,379 shares of the company’s stock valued at $447,000 after purchasing an additional 513 shares in the last quarter. Finally, Susquehanna International Group LLP acquired a new stake in Direxion Daily Consumer Discretionary Bull 3x Shares in the third quarter worth about $914,000.

Direxion Daily Consumer Discretionary Bull 3x Shares Trading Up 2.4%

Shares of NYSEARCA:WANT opened at $37.14 on Thursday. The firm’s 50 day moving average is $44.32 and its two-hundred day moving average is $48.73. The firm has a market capitalization of $16.71 million, a P/E ratio of 32.80 and a beta of 3.71. Direxion Daily Consumer Discretionary Bull 3x Shares has a 52 week low of $22.68 and a 52 week high of $57.27.

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.