Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) Stock Short Interest Report for September

Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) was the recipient of a large increase in short interest in September. As of September 30th, there was short interest totaling 206,167 shares, an increase of 321.6% from the September 15th total of 48,901 shares. Based on an average daily volume of 271,880 shares, the short-interest ratio is presently 0.8 days. Currently, 10.3% of the shares of the stock are sold short.

Direxion Daily Utilities Bull 3X ETF Price Performance

NYSEARCA UTSL traded up $0.75 during trading hours on Friday, reaching $33.42. The company’s stock had a trading volume of 199,214 shares, compared to its average volume of 145,877. The firm has a market capitalization of $71.85 million, a price-to-earnings ratio of 21.39 and a beta of 1.64. Direxion Daily Utilities Bull 3X ETF has a 1-year low of $28.21 and a 1-year high of $55.21. The company’s 50-day moving average is $36.02 and its two-hundred day moving average is $42.48.

Institutional Trading of Direxion Daily Utilities Bull 3X ETF

A hedge fund recently raised its position in Direxion Daily Utilities Bull 3X ETF stock. Virtu Financial LLC lifted its holdings in shares of Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) by 208.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,201 shares of the company’s stock after buying an additional 19,725 shares during the quarter. Virtu Financial LLC owned approximately 2.43% of Direxion Daily Utilities Bull 3X ETF worth $1,184,000 as of its most recent SEC filing.

Direxion Daily Utilities Bull 3X ETF Company Profile

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.