Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) Short Interest Down 37.4% in January

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) was the recipient of a significant decline in short interest in January. As of January 15th, there was short interest totaling 54,164 shares, a decline of 37.4% from the December 31st total of 86,476 shares. Based on an average trading volume of 171,982 shares, the short-interest ratio is currently 0.3 days. Currently, 3.5% of the company’s shares are sold short. Currently, 3.5% of the company’s shares are sold short. Based on an average trading volume of 171,982 shares, the short-interest ratio is currently 0.3 days.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Stock Down 2.2%

Shares of NYSEARCA PILL traded down $0.26 during mid-day trading on Friday, reaching $11.62. 115,287 shares of the company were exchanged, compared to its average volume of 135,389. The stock has a market cap of $18.01 million, a price-to-earnings ratio of 10.33 and a beta of 1.78. The firm has a 50-day moving average of $12.09 and a 200 day moving average of $9.20. Direxion Daily Pharmaceutical & Medical Bull 3X Shares has a 1 year low of $3.62 and a 1 year high of $13.39.

About Direxion Daily Pharmaceutical & Medical Bull 3X Shares

The Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF (PILL) is an exchange-traded fund that is based on the S&P Pharmaceuticals Select Industry index. The fund provides 3x daily exposure to a modified equal-weighted index of pharmaceutical companies in the US. PILL was launched on Nov 15, 2017 and is managed by Direxion.