Direxion Daily Pharmaceutical & Medical Bull 3X ETF (NYSEARCA:PILL) Sees Significant Drop in Short Interest

Direxion Daily Pharmaceutical & Medical Bull 3X ETF (NYSEARCA:PILL) was the recipient of a significant decline in short interest during the month of September. As of September 30th, there was short interest totaling 17,878 shares, a decline of 52.0% from the September 15th total of 37,247 shares. Based on an average daily volume of 45,224 shares, the short-interest ratio is presently 0.4 days. Approximately 1.6% of the shares of the stock are short sold.

Direxion Daily Pharmaceutical & Medical Bull 3X ETF Stock Down 0.1%

Shares of Direxion Daily Pharmaceutical & Medical Bull 3X ETF stock traded down $0.01 during trading on Wednesday, hitting $13.69. 37,918 shares of the stock traded hands, compared to its average volume of 80,562. The stock has a market cap of $15.06 million, a price-to-earnings ratio of 10.33 and a beta of 1.79. Direxion Daily Pharmaceutical & Medical Bull 3X ETF has a 52 week low of $7.74 and a 52 week high of $24.15. The firm’s fifty day moving average is $18.98 and its 200-day moving average is $15.98.

About Direxion Daily Pharmaceutical & Medical Bull 3X ETF

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.