Direxion Daily Travel & Vacation Bull 2X Shares (NYSEARCA:OOTO) Sees Significant Increase in Short Interest

Direxion Daily Travel & Vacation Bull 2X Shares (NYSEARCA:OOTOGet Free Report) was the recipient of a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 4,800 shares, an increase of 50.0% from the May 15th total of 3,200 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average daily volume of 8,400 shares, the short-interest ratio is presently 0.6 days.

Direxion Daily Travel & Vacation Bull 2X Shares Trading Down 2.0%

Shares of OOTO opened at $15.17 on Wednesday. Direxion Daily Travel & Vacation Bull 2X Shares has a 12 month low of $9.92 and a 12 month high of $21.43. The stock has a fifty day moving average price of $14.34 and a 200-day moving average price of $16.73. The firm has a market cap of $5.31 million, a PE ratio of 19.57 and a beta of 2.38.

Direxion Daily Travel & Vacation Bull 2X Shares Company Profile

(Get Free Report)

The Direxion Daily Travel & Vacation Bull 2X Shares (OOTO) is an exchange-traded fund that is based on the BlueStar Travel and Vacation index. The fund aims for 2x leveraged daily exposure to a market-cap-weighted index of US-listed travel and vacation companies. OOTO was launched on Jun 10, 2021 and is managed by Direxion.

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