Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) Short Interest Up 77.9% in July

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 37,987 shares, an increase of 77.9% from the July 15th total of 21,349 shares. Based on an average daily volume of 63,906 shares, the days-to-cover ratio is presently 0.6 days. Currently, 3.5% of the company’s shares are sold short.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Price Performance

PILL stock traded down $0.77 on Monday, hitting $20.47. 14,593 shares of the company were exchanged, compared to its average volume of 87,831. The stock has a market capitalization of $22.52 million, a price-to-earnings ratio of 10.33 and a beta of 1.72. Direxion Daily Pharmaceutical & Medical Bull 3X Shares has a twelve month low of $7.06 and a twelve month high of $21.33. The business’s fifty day moving average is $17.83 and its two-hundred day moving average is $13.93.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares 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.