Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) Stock Short Interest Declines 77.1%

Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,640 shares, a decrease of 77.1% from the September 30th total of 15,889 shares. Based on an average daily volume of 16,950 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the company’s shares are short sold.

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

An institutional investor recently bought a new stake in Direxion Daily Industrials Bull 3X ETF stock. Toth Financial Advisory Corp acquired a new position in shares of Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,825 shares of the company’s stock, valued at approximately $284,000. Toth Financial Advisory Corp owned approximately 0.70% of Direxion Daily Industrials Bull 3X ETF at the end of the most recent reporting period.

Direxion Daily Industrials Bull 3X ETF Price Performance

Shares of NYSEARCA:DUSL opened at $77.13 on Friday. The business has a 50-day moving average of $79.57 and a two-hundred day moving average of $87.10. The firm has a market capitalization of $42.42 million, a PE ratio of 26.16 and a beta of 2.97. Direxion Daily Industrials Bull 3X ETF has a 12 month low of $64.94 and a 12 month high of $106.88.

About Direxion Daily Industrials Bull 3X ETF

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.