Short Interest in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Rises By 76.2%

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) saw a significant increase in short interest during the month of February. As of February 13th, there was short interest totaling 22,175 shares, an increase of 76.2% from the January 29th total of 12,588 shares. Currently, 4.4% of the company’s shares are sold short. Based on an average daily volume of 38,776 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 38,776 shares, the short-interest ratio is presently 0.6 days. Currently, 4.4% of the company’s shares are sold short.

Institutional Trading of 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 raised its stake in shares of Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund 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 quarter.

Direxion Daily Industrials Bull 3X Shares Price Performance

Direxion Daily Industrials Bull 3X Shares stock opened at $97.88 on Monday. The business has a 50 day moving average of $82.66 and a 200-day moving average of $75.96. The company has a market capitalization of $48.94 million, a P/E ratio of 26.16 and a beta of 3.30. Direxion Daily Industrials Bull 3X Shares has a 1 year low of $32.06 and a 1 year high of $99.17.

Direxion Daily Industrials Bull 3X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were given a $7.273 dividend. This is an increase from Direxion Daily Industrials Bull 3X Shares’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, December 10th. This represents a $29.09 annualized dividend and a yield of 29.7%.

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.