Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) Short Interest Update

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

Direxion Daily Transportation Bull 3X Shares Price Performance

Shares of TPOR stock traded up $1.35 during mid-day trading on Tuesday, hitting $33.38. The company had a trading volume of 28,582 shares, compared to its average volume of 25,268. The stock’s 50 day moving average price is $32.90 and its 200-day moving average price is $30.73. Direxion Daily Transportation Bull 3X Shares has a 52-week low of $15.94 and a 52-week high of $40.43. The company has a market capitalization of $15.02 million, a P/E ratio of 12.38 and a beta of 3.70.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Susquehanna International Group LLP grew its holdings in 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 worth $1,127,000 after acquiring an additional 25,378 shares in the last quarter. Prospera Financial Services Inc purchased a new position in shares of Direxion Daily Transportation Bull 3X Shares in the 3rd quarter valued at approximately $512,000. Finally, Virtu Financial LLC raised its position in shares of Direxion Daily Transportation Bull 3X Shares by 20.6% in the 3rd quarter. Virtu Financial LLC now owns 11,968 shares of the company’s stock valued at $334,000 after purchasing an additional 2,043 shares during the last quarter.

Direxion Daily Transportation Bull 3X Shares Company Profile

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.