Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL – Get Free Report) was the target of a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 54,520 shares, an increase of 414.7% from the April 30th total of 10,593 shares. Approximately 6.4% of the company’s shares are short sold. Based on an average trading volume of 89,901 shares, the short-interest ratio is currently 0.6 days.
Institutional Investors Weigh In On Direxion Daily Utilities Bull 3X Shares
A hedge fund recently raised its stake in Direxion Daily Utilities Bull 3X Shares stock. Tower Research Capital LLC TRC boosted its position in Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL – Free Report) by 32.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,332 shares of the company’s stock after acquiring an additional 9,235 shares during the period. Tower Research Capital LLC TRC owned 4.67% of Direxion Daily Utilities Bull 3X Shares worth $1,382,000 at the end of the most recent reporting period.
Direxion Daily Utilities Bull 3X Shares Price Performance
Direxion Daily Utilities Bull 3X Shares stock traded down $1.49 during trading hours on Thursday, reaching $43.73. The stock had a trading volume of 78,308 shares, compared to its average volume of 119,722. The stock has a market cap of $37.17 million, a PE ratio of 21.39 and a beta of 1.79. Direxion Daily Utilities Bull 3X Shares has a 52 week low of $34.23 and a 52 week high of $55.21. The company has a fifty day simple moving average of $47.73 and a 200-day simple moving average of $45.78.
About Direxion Daily Utilities Bull 3X Shares
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.
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