Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Trading 0.3% Higher – Should You Buy?

Shares of Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) traded up 0.3% on Wednesday . The company traded as high as $106.88 and last traded at $104.35. Approximately 12,396 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 22,115 shares. The stock had previously closed at $104.07.

Direxion Daily Industrials Bull 3X Shares Trading Up 0.4%

The firm’s fifty day moving average is $95.72 and its 200 day moving average is $89.14. The stock has a market cap of $61.45 million, a P/E ratio of 26.16 and a beta of 2.98.

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

An institutional investor recently raised its stake in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC raised its position in 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 institutional investor owned 2,100 shares of the company’s stock after acquiring an additional 400 shares during the period. EverSource Wealth Advisors LLC owned about 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 as of its most recent SEC filing.

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.