Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) Short Interest Update

Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 54,520 shares, a growth of 414.7% from the April 30th total of 10,593 shares. Approximately 6.4% of the company’s shares are short sold. Based on an average daily volume of 89,901 shares, the short-interest ratio is presently 0.6 days.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily Utilities Bull 3X Shares stock. Tower Research Capital LLC TRC boosted its holdings in shares of Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) by 32.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 37,332 shares of the company’s stock after acquiring an additional 9,235 shares during the period. Tower Research Capital LLC TRC owned 4.67% of Direxion Daily Utilities Bull 3X Shares worth $1,382,000 at the end of the most recent reporting period.

Direxion Daily Utilities Bull 3X Shares Stock Down 3.3%

Shares of UTSL traded down $1.49 during trading hours on Thursday, reaching $43.73. 78,308 shares of the company traded hands, compared to its average volume of 119,722. The company’s fifty day moving average price is $47.73 and its two-hundred day moving average price is $45.78. The company has a market capitalization of $37.17 million, a price-to-earnings ratio of 21.39 and a beta of 1.79. Direxion Daily Utilities Bull 3X Shares has a 12 month low of $34.23 and a 12 month high of $55.21.

About Direxion Daily Utilities Bull 3X Shares

The Direxion Daily Utilities Bull 3X Shares (UTSL) is an exchange-traded fund that is based on the Utilities Select Sector index. The fund provides daily 3x exposure to a market-cap-weighted index of utility companies in the US. UTSL was launched on May 3, 2017 and is managed by Direxion.