Direxion Daily Pharmaceutical & Medical Bull 3X ETF (NYSEARCA:PILL) Shares Shorted: Short Interest Up 130.5% in October

Direxion Daily Pharmaceutical & Medical Bull 3X ETF (NYSEARCA:PILL) was the recipient of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 41,214 shares, an increase of 130.5% from the September 30th total of 17,878 shares. Currently, 3.9% of the company’s shares are sold short. Based on an average daily volume of 47,940 shares, the days-to-cover ratio is presently 0.9 days.

Direxion Daily Pharmaceutical & Medical Bull 3X ETF Trading Down 2.8%

Shares of PILL stock traded down $0.44 during mid-day trading on Friday, reaching $15.21. The stock had a trading volume of 238,192 shares, compared to its average volume of 79,377. The firm has a market capitalization of $15.97 million, a PE ratio of 10.33 and a beta of 1.79. The stock’s 50-day moving average price is $17.39 and its two-hundred day moving average price is $14.85. Direxion Daily Pharmaceutical & Medical Bull 3X ETF has a 52-week low of $7.74 and a 52-week high of $24.15.

About Direxion Daily Pharmaceutical & Medical Bull 3X ETF

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.