Direxion Daily Travel & Vacation Bull 2X Shares (NYSEARCA:OOTO) Trading Down 1%

Direxion Daily Travel & Vacation Bull 2X Shares (NYSEARCA:OOTO) dropped 1% during trading on Friday . The company traded as low as $14.11 and last traded at $14.17. Approximately 5,551 shares were traded during mid-day trading, a decline of 38% from the average daily volume of 8,964 shares. The stock had previously closed at $14.31.

Direxion Daily Travel & Vacation Bull 2X Shares Trading Down 1.0 %

The business’s fifty day moving average is $15.31 and its 200 day moving average is $13.48. The firm has a market capitalization of $10.63 million, a P/E ratio of 33.36 and a beta of 2.09.

Institutional Trading of Direxion Daily Travel & Vacation Bull 2X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC increased its position in shares of Direxion Daily Travel & Vacation Bull 2X Shares by 95.1% in the second quarter. Jane Street Group LLC now owns 61,004 shares of the company’s stock worth $543,000 after acquiring an additional 29,730 shares in the last quarter. UBS Group AG increased its position in shares of Direxion Daily Travel & Vacation Bull 2X Shares by 247.3% in the fourth quarter. UBS Group AG now owns 3,695 shares of the company’s stock worth $36,000 after acquiring an additional 2,631 shares in the last quarter. Finally, Susquehanna International Group LLP increased its position in shares of Direxion Daily Travel & Vacation Bull 2X Shares by 187.7% in the fourth quarter. Susquehanna International Group LLP now owns 62,371 shares of the company’s stock worth $612,000 after acquiring an additional 40,693 shares in the last quarter.

Direxion Daily Travel & Vacation Bull 2X Shares Company Profile

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.