Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Sees Large Increase in Short Interest

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) was the recipient of a large 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 volume of 31,259 shares, the short-interest ratio is currently 1.3 days. Approximately 6.8% of the company’s shares are short sold.

Direxion Daily Industrials Bull 3X Shares Stock Up 1.6%

NYSEARCA:DUSL traded up $1.37 during trading hours on Thursday, hitting $89.67. 11,729 shares of the stock were exchanged, compared to its average volume of 25,251. The company’s 50 day moving average is $83.30 and its two-hundred day moving average is $79.95. Direxion Daily Industrials Bull 3X Shares has a twelve month low of $57.90 and a twelve month high of $100.94. The company has a market capitalization of $53.80 million, a P/E ratio of 26.16 and a beta of 3.06.

Institutional Inflows and Outflows

An institutional investor recently raised its position 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) by 23.5% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,100 shares of the company’s stock after buying an additional 400 shares during the quarter. EverSource Wealth Advisors LLC owned approximately 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 as of its most recent SEC filing.

Direxion Daily Industrials Bull 3X Shares Company Profile

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.