Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Short Interest Down 52.0% in May

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) was the recipient of a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 19,700 shares, a drop of 52.0% from the April 30th total of 41,079 shares. Based on an average daily volume of 20,606 shares, the days-to-cover ratio is presently 1.0 days. Approximately 3.3% of the shares of the company are short sold.

Direxion Daily Industrials Bull 3X Shares Stock Up 3.0%

Shares of Direxion Daily Industrials Bull 3X Shares stock traded up $2.60 on Tuesday, reaching $88.30. 15,869 shares of the stock were exchanged, compared to its average volume of 24,074. The business has a 50 day moving average price of $83.79 and a two-hundred day moving average price of $80.86. The firm has a market capitalization of $52.98 million, a price-to-earnings ratio of 26.16 and a beta of 3.06. Direxion Daily Industrials Bull 3X Shares has a twelve month low of $60.46 and a twelve month high of $100.94.

Institutional Trading of Direxion Daily Industrials Bull 3X Shares

An institutional investor recently raised its position in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC lifted its holdings in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,100 shares of the company’s stock after acquiring an additional 400 shares during the quarter. EverSource Wealth Advisors LLC owned 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 as of its most recent SEC filing.

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.