Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) Sees Large Decline in Short Interest

Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) was the target of a large decrease in short interest in October. As of October 15th, there was short interest totaling 81,213 shares, a decrease of 60.6% from the September 30th total of 206,167 shares. Based on an average daily volume of 334,751 shares, the short-interest ratio is presently 0.2 days. Approximately 4.1% of the company’s stock are short sold.

Direxion Daily Utilities Bull 3X ETF Stock Performance

UTSL stock opened at $35.85 on Thursday. Direxion Daily Utilities Bull 3X ETF has a 52 week low of $28.21 and a 52 week high of $55.21. The firm has a market cap of $66.32 million, a P/E ratio of 21.39 and a beta of 1.64. The firm’s fifty day moving average is $34.64 and its 200 day moving average is $42.98.

About Direxion Daily Utilities Bull 3X ETF

The Direxion Daily Utilities Bull 3X Shares (UTSL) is an exchange-traded fund that is based on the Utilities Select Sector index. The fund provides daily 3x exposure to a market-cap-weighted index of utility companies in the US. UTSL was launched on May 3, 2017 and is managed by Direxion.