Short Interest in Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) Declines By 72.0%

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 21,349 shares, a drop of 72.0% from the June 30th total of 76,372 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily volume of 103,406 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Price Performance

PILL stock traded down $0.47 during midday trading on Friday, hitting $18.73. The company’s stock had a trading volume of 35,257 shares, compared to its average volume of 92,406. Direxion Daily Pharmaceutical & Medical Bull 3X Shares has a twelve month low of $5.20 and a twelve month high of $21.03. The company’s fifty day moving average price is $15.37 and its 200 day moving average price is $13.09. The stock has a market capitalization of $22.48 million, a P/E ratio of 10.33 and a beta of 1.72.

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.