Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) Sees Large Drop in Short Interest

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 35,498 shares, a decrease of 19.5% from the January 29th total of 44,123 shares. Currently, 2.3% of the company’s stock are short sold. Based on an average trading volume of 110,848 shares, the days-to-cover ratio is presently 0.3 days. Based on an average trading volume of 110,848 shares, the days-to-cover ratio is presently 0.3 days. Currently, 2.3% of the company’s stock are short sold.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Stock Performance

PILL opened at $12.12 on Thursday. Direxion Daily Pharmaceutical & Medical Bull 3X Shares has a one year low of $3.62 and a one year high of $13.67. The company has a market cap of $18.79 million, a P/E ratio of 10.33 and a beta of 1.78. The business’s 50-day simple moving average is $12.42 and its 200-day simple moving average is $10.27.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Company Profile

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.