Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) Short Interest Up 91.8% in March

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) was the target of a large growth in short interest during the month of March. As of March 31st, there was short interest totaling 25,509 shares, a growth of 91.8% from the March 15th total of 13,298 shares. Currently, 5.7% of the shares of the stock are short sold. Based on an average trading volume of 21,962 shares, the days-to-cover ratio is currently 1.2 days.

Direxion Daily Transportation Bull 3X Shares Price Performance

Shares of Direxion Daily Transportation Bull 3X Shares stock opened at $31.55 on Monday. The stock has a market cap of $14.20 million, a PE ratio of 12.38 and a beta of 3.70. Direxion Daily Transportation Bull 3X Shares has a 12 month low of $15.80 and a 12 month high of $40.43. The business has a fifty day simple moving average of $32.96 and a 200-day simple moving average of $30.69.

Institutional Trading of Direxion Daily Transportation Bull 3X Shares

A number of institutional investors have recently bought and sold shares of TPOR. Prospera Financial Services Inc bought a new position in Direxion Daily Transportation Bull 3X Shares during the third quarter valued at about $512,000. Susquehanna International Group LLP raised its holdings in Direxion Daily Transportation Bull 3X Shares by 168.9% during the third quarter. Susquehanna International Group LLP now owns 40,400 shares of the company’s stock valued at $1,127,000 after buying an additional 25,378 shares in the last quarter. Finally, Virtu Financial LLC raised its holdings 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 valued at $334,000 after buying an additional 2,043 shares in the last quarter.

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.