Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 11,788 shares, a drop of 40.2% from the May 14th total of 19,700 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average daily volume of 15,054 shares, the days-to-cover ratio is currently 0.8 days.
Hedge Funds 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 boosted its position in shares of Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL – Free Report) by 23.5% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,100 shares of the company’s stock after acquiring an additional 400 shares during the quarter. EverSource Wealth Advisors LLC owned 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 at the end of the most recent quarter.
Direxion Daily Industrials Bull 3X Shares Trading Up 2.7%
Direxion Daily Industrials Bull 3X Shares stock traded up $2.55 during midday trading on Tuesday, reaching $96.58. 57,165 shares of the stock traded hands, compared to its average volume of 23,766. The company has a 50-day simple moving average of $86.74 and a two-hundred day simple moving average of $82.23. Direxion Daily Industrials Bull 3X Shares has a 12-month low of $60.46 and a 12-month high of $100.94. The firm has a market cap of $57.95 million, a PE ratio of 26.16 and a beta of 3.00.
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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