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

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) saw a large decline in short interest in the month of April. As of April 30th, there was short interest totaling 22,116 shares, a decline of 41.3% from the April 15th total of 37,666 shares. Based on an average daily volume of 23,632 shares, the days-to-cover ratio is presently 0.9 days. Currently, 4.4% of the shares of the company are sold short.

Direxion Daily Transportation Bull 3X Shares Stock Performance

Shares of NYSEARCA:TPOR traded down $0.08 on Friday, hitting $34.09. 6,147 shares of the company were exchanged, compared to its average volume of 24,562. The firm has a market capitalization of $17.05 million, a price-to-earnings ratio of 12.38 and a beta of 3.65. Direxion Daily Transportation Bull 3X Shares has a one year low of $21.04 and a one year high of $40.43. The company’s 50 day moving average price is $31.85 and its two-hundred day moving average price is $31.90.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of TPOR. Prospera Financial Services Inc acquired a new position in shares of Direxion Daily Transportation Bull 3X Shares in the third quarter valued at $512,000. Virtu Financial LLC raised its stake in shares of Direxion Daily Transportation Bull 3X Shares by 20.6% in the third 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 in the last quarter. Finally, Susquehanna International Group LLP raised its stake in shares of Direxion Daily Transportation Bull 3X Shares by 168.9% in the third quarter. Susquehanna International Group LLP now owns 40,400 shares of the company’s stock valued at $1,127,000 after purchasing an additional 25,378 shares in 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.