Short Interest in Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) Expands By 288.7%

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) was the recipient of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 137,983 shares, an increase of 288.7% from the February 12th total of 35,498 shares. Based on an average daily trading volume, of 122,767 shares, the short-interest ratio is currently 1.1 days. Currently, 8.9% of the company’s stock are short sold. Currently, 8.9% of the company’s stock are short sold. Based on an average daily trading volume, of 122,767 shares, the short-interest ratio is currently 1.1 days.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Trading Down 2.8%

Shares of Direxion Daily Pharmaceutical & Medical Bull 3X Shares stock traded down $0.32 during trading hours on Wednesday, hitting $11.17. 72,798 shares of the company were exchanged, compared to its average volume of 133,862. The business has a 50-day moving average of $12.28 and a 200-day moving average of $10.40. Direxion Daily Pharmaceutical & Medical Bull 3X Shares has a 1 year low of $3.62 and a 1 year high of $13.67. The stock has a market capitalization of $17.31 million, a price-to-earnings ratio of 10.33 and a beta of 1.78.

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.