Direxion Daily Pharmaceutical & Medical Bull 3X ETF (NYSEARCA:PILL – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 41,214 shares, an increase of 130.5% from the September 30th total of 17,878 shares. Based on an average daily volume of 47,940 shares, the short-interest ratio is presently 0.9 days. Currently, 3.9% of the company’s shares are short sold.
Direxion Daily Pharmaceutical & Medical Bull 3X ETF Trading Down 2.8%
Shares of NYSEARCA:PILL opened at $15.21 on Friday. The company has a market capitalization of $15.97 million, a price-to-earnings ratio of 10.33 and a beta of 1.79. Direxion Daily Pharmaceutical & Medical Bull 3X ETF has a 12 month low of $7.74 and a 12 month high of $24.15. The firm’s 50-day moving average is $17.25 and its 200 day moving average is $14.87.
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.
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