Short Interest in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Expands By 115.7%

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSLGet Free Report) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 26,088 shares, a growth of 115.7% from the June 15th total of 12,094 shares. Approximately 4.3% of the company’s stock are short sold. Based on an average daily volume of 27,487 shares, the days-to-cover ratio is currently 0.9 days.

Direxion Daily Industrials Bull 3X Shares Stock Down 0.7%

DUSL stock traded down $0.65 during midday trading on Wednesday, reaching $95.18. 11,394 shares of the company’s stock traded hands, compared to its average volume of 23,380. Direxion Daily Industrials Bull 3X Shares has a 52 week low of $64.94 and a 52 week high of $106.42. The company has a market cap of $57.11 million, a price-to-earnings ratio of 26.16 and a beta of 2.97. The firm’s fifty day moving average price is $92.37 and its 200-day moving average price is $86.43.

Hedge Funds Weigh In On 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 raised its holdings in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSLFree Report) by 23.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & 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 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 at the end of the most recent reporting period.

About Direxion Daily Industrials Bull 3X Shares

(Get Free Report)

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.

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