Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL – Get Free Report) was the target of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 41,079 shares, a growth of 213.3% from the April 15th total of 13,111 shares. Based on an average daily trading volume, of 31,259 shares, the short-interest ratio is currently 1.3 days. Approximately 6.8% of the company’s shares are sold short.
Direxion Daily Industrials Bull 3X Shares Stock Down 5.6%
DUSL traded down $5.02 during midday trading on Friday, hitting $84.65. The company had a trading volume of 20,611 shares, compared to its average volume of 25,201. Direxion Daily Industrials Bull 3X Shares has a 52 week low of $57.90 and a 52 week high of $100.94. The company has a market capitalization of $50.79 million, a price-to-earnings ratio of 26.16 and a beta of 3.06. The stock’s 50 day moving average price is $83.08 and its 200 day moving average price is $79.98.
Institutional Investors Weigh In On Direxion Daily Industrials Bull 3X Shares
A hedge fund recently raised its stake in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC raised its stake in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL – Free Report) by 23.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,100 shares of the company’s stock after purchasing an additional 400 shares during the period. EverSource Wealth Advisors LLC owned 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 as of its most recent SEC filing.
About Direxion Daily Industrials Bull 3X Shares
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.
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