Direxion Daily Travel & Vacation Bull 2X Shares (NYSEARCA:OOTO) Trading 1.4% Higher – What’s Next?

Direxion Daily Travel & Vacation Bull 2X Shares (NYSEARCA:OOTO) rose 1.4% on Friday . The company traded as high as $20.30 and last traded at $20.19. Approximately 6,030 shares were traded during trading, a decline of 26% from the average daily volume of 8,177 shares. The stock had previously closed at $19.92.

Direxion Daily Travel & Vacation Bull 2X Shares Stock Performance

The firm’s 50 day moving average price is $17.24 and its two-hundred day moving average price is $14.78. The firm has a market cap of $14.13 million, a PE ratio of 32.10 and a beta of 2.37.

Hedge Funds Weigh In On Direxion Daily Travel & Vacation Bull 2X Shares

An institutional investor recently bought a new position in Direxion Daily Travel & Vacation Bull 2X Shares stock. Jane Street Group LLC purchased a new position in shares of Direxion Daily Travel & Vacation Bull 2X Shares (NYSEARCA:OOTO) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,552 shares of the company’s stock, valued at approximately $208,000. Jane Street Group LLC owned 1.94% of Direxion Daily Travel & Vacation Bull 2X Shares at the end of the most recent reporting period.

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.