Short Interest in Direxion Daily Pharmaceutical & Medical Bull 3X ETF (NYSEARCA:PILL) Expands By 62.4%

Direxion Daily Pharmaceutical & Medical Bull 3X ETF (NYSEARCA:PILL) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 47,503 shares, an increase of 62.4% from the August 15th total of 29,257 shares. Based on an average trading volume of 60,663 shares, the short-interest ratio is presently 0.8 days. Approximately 4.3% of the company’s shares are sold short.

Direxion Daily Pharmaceutical & Medical Bull 3X ETF Price Performance

Shares of NYSEARCA:PILL opened at $18.18 on Friday. The company has a market capitalization of $18.36 million, a price-to-earnings ratio of 10.33 and a beta of 1.76. The business’s 50-day moving average is $20.12 and its 200-day moving average is $15.32. Direxion Daily Pharmaceutical & Medical Bull 3X ETF has a 1 year low of $7.06 and a 1 year high of $24.15.

Direxion Daily Pharmaceutical & Medical Bull 3X ETF 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.