Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL – Get Free Report) saw a large drop in short interest during the month of October. As of October 30th, there was short interest totaling 10,928 shares, a drop of 86.5% from the October 15th total of 81,213 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily volume of 216,392 shares, the days-to-cover ratio is currently 0.1 days.
Direxion Daily Utilities Bull 3X ETF Trading Up 1.5%
Shares of NYSEARCA:UTSL traded up $0.57 during trading on Friday, hitting $39.61. 136,859 shares of the company’s stock were exchanged, compared to its average volume of 152,278. Direxion Daily Utilities Bull 3X ETF has a 1-year low of $28.21 and a 1-year high of $55.21. The firm has a 50-day moving average price of $34.68 and a two-hundred day moving average price of $42.85. The firm has a market cap of $63.38 million, a P/E ratio of 21.39 and a beta of 1.57.
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.
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