Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares (EVAV) Short Interest Ratio & Short Volume

Short interest is the volume of Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares shares that have been sold short but have not yet been covered or closed out. As of May 31st, investors have sold 26,600 shares of EVAV short. 15.20% of Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares' shares are currently sold short. Learn More on Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares' current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. EVAV shares currently have a short interest ratio of 3.0. Learn More on Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares's short interest ratio.

Companies that have a short interest as a percentage of float below 10% indicates positive investor sentiment and few short sellers. Stocks with a short interest percentage above 10% is considered high, suggesting some investors are pessimistic about the stock. Companies with a short interest percentage of 20% or more indicates widespread negative sentiment. 15.20% of Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares' floating shares are currently sold short.

Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares saw a increase in short interest during the month of May. As of May 31st, there was short interest totaling 26,600 shares, an increase of 98.5% from the previous total of 13,400 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

15.20% of Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares' shares are currently sold short. Here is how the short interest of companies compare to Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares: NYLI Clean Oceans ETF (0.09%), Global X Solar ETF (0.22%), ProShares Nanotechnology ETF (0.20%), Direxion Daily Travel & Vacation Bull 2X Shares (1.37%), Hypatia Women CEO ETF (0.29%), Fidelity Women's Leadership ETF (0.06%), Gabelli Automation ETF (0.05%), MicroSectors FANG & Innovation -3x Inverse Leveraged ETN (24.59%), ProShares Ultra Nasdaq Cybersecurity ETF (1.33%), Xtrackers US Green Infrastructure Select Equity ETF (0.05%),

As of the most recent reporting period, the following stocks had the largest short interest positions: SPDR S&P 500 ETF Trust ($64.96 billion), Invesco QQQ ($27.88 billion), iShares Russell 2000 ETF ($19.94 billion), iShares 20+ Year Treasury Bond ETF ($9.69 billion), MicroStrategy Incorporated ($8.58 billion), SPDR S&P Biotech ETF ($5.72 billion), Invesco S&P 500 Equal Weight ETF ($5.45 billion), iShares iBoxx $ Investment Grade Corporate Bond ETF ($4.70 billion), Charter Communications, Inc. ($4.54 billion), and Industrial Select Sector SPDR Fund ($4.49 billion). View all of the most shorted stocks.

Short selling EVAV is an investing strategy that aims to generate trading profit from Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares as its price is falling. EVAV shares are trading up $1.78 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Direxion Daily Electric and Autonomous Vehicles Bull 2X Shares occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of EVAV, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including EVAV, twice per month. The most recent reporting period available is May, 31 2025.