Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Short Interest Down 21.1% in December

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) was the recipient of a large drop in short interest in the month of December. As of December 31st, there was short interest totaling 14,795 shares, a drop of 21.1% from the December 15th total of 18,752 shares. Currently, 3.0% of the company’s stock are sold short. Based on an average daily trading volume, of 12,469 shares, the short-interest ratio is currently 1.2 days. Based on an average daily trading volume, of 12,469 shares, the short-interest ratio is currently 1.2 days. Currently, 3.0% of the company’s stock are sold short.

Direxion Daily Industrials Bull 3X Shares Price Performance

NYSEARCA:DUSL traded down $4.25 during trading hours on Tuesday, reaching $79.05. 19,248 shares of the stock were exchanged, compared to its average volume of 23,517. Direxion Daily Industrials Bull 3X Shares has a twelve month low of $32.06 and a twelve month high of $83.76. The firm has a 50 day moving average of $71.92 and a 200 day moving average of $72.64. The stock has a market cap of $39.53 million, a PE ratio of 26.16 and a beta of 3.30.

Direxion Daily Industrials Bull 3X Shares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were given a $7.273 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This is a positive change from Direxion Daily Industrials Bull 3X Shares’s previous quarterly dividend of $0.11. This represents a $29.09 dividend on an annualized basis and a dividend yield of 36.8%.

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 grew its position in shares of Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,100 shares of the company’s stock after buying 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 quarter.

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.