Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) Sees Significant Decrease in Short Interest

Direxion Daily Transportation Bull 3X Shares (NYSEARCA:TPOR) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totaling 2,707 shares, a decline of 19.6% from the December 15th total of 3,368 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average daily trading volume, of 13,406 shares, the short-interest ratio is presently 0.2 days. Based on an average daily trading volume, of 13,406 shares, the short-interest ratio is presently 0.2 days. Currently, 0.6% of the shares of the company are sold short.

Institutional Trading of Direxion Daily Transportation Bull 3X Shares

Hedge funds and other institutional investors have recently made changes to their positions in the business. Virtu Financial LLC increased its holdings 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 buying an additional 2,043 shares in the last quarter. Prospera Financial Services Inc acquired a new stake in shares of Direxion Daily Transportation Bull 3X Shares during the third quarter worth $512,000. Finally, Susquehanna International Group LLP lifted its holdings in shares of Direxion Daily Transportation Bull 3X Shares by 168.9% during 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 during the last quarter.

Direxion Daily Transportation Bull 3X Shares Trading Down 6.9%

Direxion Daily Transportation Bull 3X Shares stock opened at $31.56 on Wednesday. Direxion Daily Transportation Bull 3X Shares has a 52 week low of $14.02 and a 52 week high of $37.28. The stock has a market cap of $14.20 million, a price-to-earnings ratio of 12.38 and a beta of 3.78. The company’s 50-day moving average price is $30.38 and its two-hundred day moving average price is $28.26.

About Direxion Daily Transportation Bull 3X Shares

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.