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

Direxion Daily Pharmaceutical & Medical Bull 3X ETF (NYSEARCA:PILL) was the target of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 17,878 shares, a decline of 52.0% from the September 15th total of 37,247 shares. Currently, 1.6% of the shares of the company are sold short. Based on an average trading volume of 45,224 shares, the short-interest ratio is presently 0.4 days.

Direxion Daily Pharmaceutical & Medical Bull 3X ETF Trading Up 4.6%

Shares of PILL stock traded up $0.63 during trading hours on Thursday, hitting $14.32. The company’s stock had a trading volume of 42,301 shares, compared to its average volume of 80,391. The company has a 50 day moving average of $18.72 and a 200 day moving average of $16.04. The stock has a market cap of $15.75 million, a PE ratio of 10.33 and a beta of 1.79. Direxion Daily Pharmaceutical & Medical Bull 3X ETF has a 12-month low of $7.74 and a 12-month high of $24.15.

About Direxion Daily Pharmaceutical & Medical Bull 3X ETF

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.