Short Interest in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Drops By 24.6%

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) was the recipient of a large decrease in short interest during the month of February. As of February 27th, there was short interest totaling 16,717 shares, a decrease of 24.6% from the February 12th total of 22,175 shares. Currently, 3.3% of the shares of the company are sold short. Based on an average daily trading volume, of 27,687 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily trading volume, of 27,687 shares, the days-to-cover ratio is currently 0.6 days. Currently, 3.3% of the shares of the company are sold short.

Institutional Trading of Direxion Daily Industrials Bull 3X Shares

A hedge fund recently raised its stake in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC lifted its holdings in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,100 shares of the company’s stock after purchasing an additional 400 shares during the quarter. EverSource Wealth Advisors LLC owned 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 as of its most recent filing with the SEC.

Direxion Daily Industrials Bull 3X Shares Stock Up 2.5%

NYSEARCA DUSL traded up $1.91 during trading hours on Monday, hitting $79.51. The company had a trading volume of 20,257 shares, compared to its average volume of 27,687. The firm has a market cap of $39.76 million, a P/E ratio of 26.16 and a beta of 3.30. Direxion Daily Industrials Bull 3X Shares has a fifty-two week low of $32.06 and a fifty-two week high of $100.94. The business has a fifty day simple moving average of $86.42 and a 200-day simple moving average of $77.09.

About Direxion Daily Industrials Bull 3X Shares

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.