Direxion Shares Exchange Traded Fund Trust (NYSE:ERX) was the recipient of a significant increase in short interest in September. As of September 29th, there was short interest totalling 907,752 shares, an increase of 43.2% from the September 15th total of 634,006 shares. Based on an average daily volume of 1,877,209 shares, the short-interest ratio is presently 0.5 days.

Hedge funds and other institutional investors have recently modified their holdings 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 worth $200,000 after acquiring an additional 2,000 shares in the last quarter. TRUE Private Wealth Advisors increased its holdings in Direxion Shares Exchange Traded Fund Trust by 8.0% in the 2nd quarter. TRUE Private Wealth Advisors now owns 8,212 shares of the company’s stock worth $205,000 after acquiring an additional 606 shares in the last quarter. Timber Hill LLC purchased a new stake in Direxion Shares Exchange Traded Fund Trust in the 2nd quarter worth $283,000. Virtu KCG Holdings LLC purchased a new stake in Direxion Shares Exchange Traded Fund Trust in the 2nd quarter worth $495,000. Finally, SG Americas Securities LLC increased its holdings in Direxion Shares Exchange Traded Fund Trust by 10.7% in the 2nd quarter. SG Americas Securities LLC now owns 24,900 shares of the company’s stock worth $624,000 after acquiring an additional 2,400 shares in the last quarter.

Shares of Direxion Shares Exchange Traded Fund Trust (ERX) opened at 29.69 on Tuesday. Direxion Shares Exchange Traded Fund Trust has a 52 week low of $21.37 and a 52 week high of $44.55. The stock has a 50 day moving average of $27.19 and a 200-day moving average of $26.87.

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