Direxion Daily Travel & Vacation Bull 2X Shares (NYSEARCA:OOTO) Stock Price Up 1.4% – Should You Buy?

Direxion Daily Travel & Vacation Bull 2X Shares (NYSEARCA:OOTO)’s stock price were up 1.4% during mid-day trading on Friday . The company traded as high as $20.30 and last traded at $20.19. Approximately 6,030 shares traded hands during mid-day trading, a decline of 26% from the average daily volume of 8,177 shares. The stock had previously closed at $19.92.

Direxion Daily Travel & Vacation Bull 2X Shares Stock Up 1.4 %

The company has a 50-day moving average of $17.24 and a 200 day moving average of $14.78. The stock has a market capitalization of $14.13 million, a PE ratio of 32.10 and a beta of 2.37.

Hedge Funds Weigh In On Direxion Daily Travel & Vacation Bull 2X Shares

A hedge fund recently bought a new stake in Direxion Daily Travel & Vacation Bull 2X Shares stock. Jane Street Group LLC acquired a new position in shares of Direxion Daily Travel & Vacation Bull 2X Shares (NYSEARCA:OOTO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 13,552 shares of the company’s stock, valued at approximately $208,000. Jane Street Group LLC owned about 1.94% of Direxion Daily Travel & Vacation Bull 2X Shares as of its most recent filing with the Securities and Exchange Commission (SEC).

About Direxion Daily Travel & Vacation Bull 2X Shares

The Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) is an exchange-traded fund that is based on the BlueStar Travel and Vacation index. The fund aims for 2x leveraged daily exposure to a market-cap-weighted index of US-listed travel and vacation companies. OOTO was launched on Jun 10, 2021 and is managed by Direxion.