Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) Short Interest Down 51.5% in May

Direxion Daily Consumer Discretionary Bull 3x Shares (NYSEARCA:WANT) was the recipient of a large drop in short interest in May. As of May 29th, there was short interest totaling 14,417 shares, a drop of 51.5% from the May 14th total of 29,697 shares. Based on an average trading volume of 33,325 shares, the short-interest ratio is currently 0.4 days. Currently, 3.2% of the company’s shares are sold short.

Direxion Daily Consumer Discretionary Bull 3x Shares Stock Performance

Shares of WANT stock traded up $0.28 during mid-day trading on Friday, hitting $42.60. The company’s stock had a trading volume of 27,154 shares, compared to its average volume of 31,584. The company’s fifty day simple moving average is $43.84 and its 200-day simple moving average is $46.36. Direxion Daily Consumer Discretionary Bull 3x Shares has a 52 week low of $32.74 and a 52 week high of $57.27. The company has a market cap of $19.17 million, a PE ratio of 32.80 and a beta of 3.68.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in WANT. Virtu Financial LLC bought a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the 3rd quarter worth about $938,000. Susquehanna International Group LLP bought a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the 3rd quarter worth about $914,000. Safe Harbor Fiduciary LLC bought a new position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares in the 4th quarter worth about $117,000. Finally, Qube Research & Technologies Ltd raised its position in shares of Direxion Daily Consumer Discretionary Bull 3x Shares by 99.8% in the 3rd quarter. Qube Research & Technologies Ltd now owns 923 shares of the company’s stock worth $49,000 after acquiring an additional 461 shares in the last quarter.

About Direxion Daily Consumer Discretionary Bull 3x Shares

The Direxion Daily Cnsmr Discret Bull 3XShrs (WANT) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund provides 3x leveraged exposure to the U.S. consumer discretionary sector. WANT was launched on Nov 29, 2018 and is managed by Direxion.