Direxion Shares Exchange Traded Fund Trust (NYSE:ERX) was the target of a significant drop in short interest in September. As of September 15th, there was short interest totalling 634,006 shares, a drop of 36.5% from the August 31st total of 999,066 shares. Based on an average daily volume of 2,087,358 shares, the short-interest ratio is currently 0.3 days.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Intellectus Partners LLC increased its holdings in Direxion Shares Exchange Traded Fund Trust by 33.3% in the 2nd quarter. Intellectus Partners LLC now owns 8,000 shares of the company’s stock valued at $200,000 after acquiring an additional 2,000 shares during the last quarter. TRUE Private Wealth Advisors grew its position in shares of Direxion Shares Exchange Traded Fund Trust by 8.0% during the second quarter. TRUE Private Wealth Advisors now owns 8,212 shares of the company’s stock valued at $205,000 after purchasing an additional 606 shares in the last quarter. Timber Hill LLC purchased a new position in shares of Direxion Shares Exchange Traded Fund Trust during the second quarter valued at about $283,000. Virtu KCG Holdings LLC purchased a new position in shares of Direxion Shares Exchange Traded Fund Trust during the second quarter valued at about $495,000. Finally, SG Americas Securities LLC grew its position in shares of Direxion Shares Exchange Traded Fund Trust by 10.7% during the second quarter. SG Americas Securities LLC now owns 24,900 shares of the company’s stock valued at $624,000 after purchasing an additional 2,400 shares in the last quarter.

Shares of Direxion Shares Exchange Traded Fund Trust (ERX) opened at 29.89 on Wednesday. The firm’s 50-day moving average price is $25.34 and its 200 day moving average price is $26.93. Direxion Shares Exchange Traded Fund Trust has a 52 week low of $21.37 and a 52 week high of $44.55.

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