Short Interest in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Rises By 20.9%

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 12,588 shares, an increase of 20.9% from the January 15th total of 10,412 shares. Based on an average trading volume of 17,998 shares, the short-interest ratio is presently 0.7 days. Currently, 2.5% of the company’s stock are short sold. Currently, 2.5% of the company’s stock are short sold. Based on an average trading volume of 17,998 shares, the short-interest ratio is presently 0.7 days.

Direxion Daily Industrials Bull 3X Shares Stock Up 0.9%

Shares of DUSL traded up $0.90 during midday trading on Wednesday, reaching $95.73. 5,329 shares of the stock were exchanged, compared to its average volume of 26,253. The company has a market cap of $47.87 million, a price-to-earnings ratio of 26.16 and a beta of 3.30. Direxion Daily Industrials Bull 3X Shares has a 12-month low of $32.06 and a 12-month high of $99.17. The firm has a 50 day simple moving average of $78.17 and a 200-day simple moving average of $74.58.

Direxion Daily Industrials Bull 3X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were given a $7.273 dividend. This is a positive change from Direxion Daily Industrials Bull 3X Shares’s previous quarterly dividend of $0.11. This represents a $29.09 annualized dividend and a yield of 30.4%. The ex-dividend date of this dividend was Wednesday, December 10th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC increased its holdings in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,100 shares of the company’s stock after purchasing an additional 400 shares during the period. EverSource Wealth Advisors LLC owned approximately 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 at the end of the most recent reporting period.

Direxion Daily Industrials Bull 3X Shares Company Profile

The Direxion Daily Industrials Bull 3X Shares (DUSL) is an exchange-traded fund that is based on the S&P Industrial Select Sector index. The fund provides 3X leveraged exposure to a market-cap-weighted index of US industrial companies. DUSL was launched on May 3, 2017 and is managed by Direxion.