Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) Short Interest Up 21.8% in January

Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 433,172 shares, a growth of 21.8% from the January 15th total of 355,686 shares. Based on an average daily volume of 591,289 shares, the short-interest ratio is currently 0.7 days. Currently, 7.3% of the company’s stock are sold short. Currently, 7.3% of the company’s stock are sold short. Based on an average daily volume of 591,289 shares, the short-interest ratio is currently 0.7 days.

Institutional Trading of Direxion Daily Real Estate Bull 3X Shares

Institutional investors and hedge funds have recently modified their holdings of the business. Virtu Financial LLC grew its stake in Direxion Daily Real Estate Bull 3X Shares by 588.5% in the 3rd quarter. Virtu Financial LLC now owns 98,638 shares of the company’s stock valued at $966,000 after purchasing an additional 84,311 shares during the period. Group One Trading LLC raised its stake in shares of Direxion Daily Real Estate Bull 3X Shares by 101.3% during the 3rd quarter. Group One Trading LLC now owns 11,162 shares of the company’s stock worth $109,000 after purchasing an additional 5,618 shares during the period. Finally, SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily Real Estate Bull 3X Shares by 10.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 17,410 shares of the company’s stock worth $166,000 after buying an additional 1,628 shares during the last quarter.

Direxion Daily Real Estate Bull 3X Shares Stock Performance

Shares of DRN stock opened at $10.32 on Thursday. The company has a market capitalization of $60.89 million, a price-to-earnings ratio of 35.32 and a beta of 3.03. Direxion Daily Real Estate Bull 3X Shares has a 52-week low of $6.31 and a 52-week high of $11.94. The company has a 50-day simple moving average of $9.02 and a two-hundred day simple moving average of $9.21.

Direxion Daily Real Estate Bull 3X Shares Company Profile

The Direxion Daily Real Estate Bull 3X Shares (DRN) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index. The fund provides 3x leveraged exposure to an index that captures large cap equities of the US real estate segment. DRN was launched on Jul 16, 2009 and is managed by Direxion.