Short Interest in Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) Decreases By 57.4%

Posted by James Quigley on May 17th, 2026

Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL – Get Free Report) was the recipient of a large drop in short interest in April. As of April 30th, there was short interest totaling 10,593 shares, a drop of 57.4% from the April 15th total of 24,893 shares. Based on an average daily volume of 91,303 shares, the short-interest ratio is currently 0.1 days. Approximately 1.2% of the shares of the stock are sold short.

Direxion Daily Utilities Bull 3X Shares Stock Performance

Direxion Daily Utilities Bull 3X Shares stock opened at $41.80 on Friday. The stock has a fifty day moving average of $48.85 and a two-hundred day moving average of $45.94. The company has a market capitalization of $35.53 million, a price-to-earnings ratio of 21.39 and a beta of 1.79. Direxion Daily Utilities Bull 3X Shares has a fifty-two week low of $33.74 and a fifty-two week high of $55.21.

Hedge Funds Weigh In On Direxion Daily Utilities Bull 3X Shares

An institutional investor recently raised its position in Direxion Daily Utilities Bull 3X Shares stock. Virtu Financial LLC grew its stake in shares of Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL – Free Report) by 208.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 29,201 shares of the company’s stock after buying an additional 19,725 shares during the period. Virtu Financial LLC owned 2.43% of Direxion Daily Utilities Bull 3X Shares worth $1,184,000 at the end of the most recent reporting period.

Direxion Daily Utilities Bull 3X Shares Company Profile

(Get Free Report)

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.