Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) Shares Shorted: Short Interest Up 321.6% in September

Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 206,167 shares, a growth of 321.6% from the September 15th total of 48,901 shares. Based on an average daily trading volume, of 271,880 shares, the days-to-cover ratio is presently 0.8 days. Approximately 10.3% of the shares of the company are short sold.

Direxion Daily Utilities Bull 3X ETF Trading Up 1.7%

Shares of NYSEARCA UTSL opened at $33.98 on Tuesday. The company has a 50 day simple moving average of $35.85 and a two-hundred day simple moving average of $42.37. The stock has a market cap of $73.06 million, a price-to-earnings ratio of 21.39 and a beta of 1.64. Direxion Daily Utilities Bull 3X ETF has a 12 month low of $28.21 and a 12 month high of $55.21.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Direxion Daily Utilities Bull 3X ETF stock. Virtu Financial LLC boosted its holdings in shares of Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) by 208.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,201 shares of the company’s stock after purchasing an additional 19,725 shares during the period. Virtu Financial LLC owned about 2.43% of Direxion Daily Utilities Bull 3X ETF worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily Utilities Bull 3X ETF Company Profile

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.