Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Sees Significant Growth in Short Interest

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 29,697 shares, an increase of 278.5% from the April 30th total of 7,845 shares. Currently, 6.6% of the shares of the stock are short sold. Based on an average trading volume of 32,830 shares, the days-to-cover ratio is currently 0.9 days.

Direxion Daily Consumer Discretionary Bull 3x Shares Trading Down 2.9%

NYSEARCA WANT traded down $1.41 during trading on Friday, hitting $47.94. 18,708 shares of the company’s stock were exchanged, compared to its average volume of 32,364. The company has a market cap of $21.57 million, a PE ratio of 32.80 and a beta of 3.72. Direxion Daily Consumer Discretionary Bull 3x Shares has a fifty-two week low of $32.74 and a fifty-two week high of $57.27. The stock’s 50 day moving average price is $42.61 and its two-hundred day moving average price is $46.61.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in WANT. Qube Research & Technologies Ltd increased its stake in shares of Direxion Daily Consumer Discretionary Bull 3x Shares by 99.8% in the third quarter. Qube Research & Technologies Ltd now owns 923 shares of the company’s stock valued at $49,000 after buying an additional 461 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the fourth quarter valued at approximately $117,000. Susquehanna International Group LLP acquired a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the third quarter valued at approximately $914,000. Finally, Virtu Financial LLC acquired a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the third quarter valued at approximately $938,000.

About Direxion Daily Consumer Discretionary Bull 3x Shares

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.