Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) Short Interest Down 57.4% in April

Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) was the recipient of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 10,593 shares, a decrease of 57.4% from the April 15th total of 24,893 shares. Based on an average trading volume of 91,303 shares, the days-to-cover ratio is presently 0.1 days. Approximately 1.2% of the company’s stock are short sold.

Direxion Daily Utilities Bull 3X Shares Stock Down 6.7%

Shares of UTSL traded down $3.02 during mid-day trading on Friday, hitting $41.80. 142,483 shares of the company traded hands, compared to its average volume of 123,539. Direxion Daily Utilities Bull 3X Shares has a 1-year low of $33.74 and a 1-year high of $55.21. The company has a market capitalization of $35.53 million, a PE ratio of 21.39 and a beta of 1.79. The business has a 50 day moving average of $48.85 and a 200 day moving average of $45.94.

Hedge Funds Weigh In On Direxion Daily Utilities Bull 3X Shares

A hedge fund recently raised its stake in Direxion Daily Utilities Bull 3X Shares stock. Virtu Financial LLC grew its stake in shares of Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) by 208.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,201 shares of the company’s stock after acquiring an additional 19,725 shares during the quarter. Virtu Financial LLC owned about 2.43% of Direxion Daily Utilities Bull 3X Shares worth $1,184,000 as of its most recent SEC filing.

About Direxion Daily Utilities Bull 3X Shares

The Direxion Daily Utilities Bull 3X Shares (UTSL) is an exchange-traded fund that is based on the Utilities Select Sector index. The fund provides daily 3x exposure to a market-cap-weighted index of utility companies in the US. UTSL was launched on May 3, 2017 and is managed by Direxion.