Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Short Interest Down 29.6% in January

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) was the recipient of a significant decrease in short interest in January. As of January 15th, there was short interest totaling 10,412 shares, a decrease of 29.6% from the December 31st total of 14,795 shares. Based on an average daily trading volume, of 24,307 shares, the days-to-cover ratio is currently 0.4 days. Currently, 2.1% of the shares of the stock are sold short. Currently, 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 24,307 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Investors Weigh In On Direxion Daily Industrials Bull 3X Shares

A hedge fund recently raised its stake in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC grew its holdings in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 at the end of the most recent reporting period.

Direxion Daily Industrials Bull 3X Shares Trading Down 0.6%

Shares of NYSEARCA:DUSL opened at $80.59 on Friday. Direxion Daily Industrials Bull 3X Shares has a 12 month low of $32.06 and a 12 month high of $83.76. The company has a 50-day moving average price of $73.74 and a 200-day moving average price of $73.18. The company has a market cap of $40.30 million, a price-to-earnings ratio of 26.16 and a beta of 3.30.

Direxion Daily Industrials Bull 3X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were issued a $7.273 dividend. This is an increase 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 36.1%. The ex-dividend date of this dividend was Wednesday, December 10th.

About Direxion Daily Industrials Bull 3X Shares

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.