Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) Short Interest Down 72.0% in July

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) was the target of a significant decrease in short interest in the month of July. As of July 15th, there was short interest totaling 21,349 shares, a decrease of 72.0% from the June 30th total of 76,372 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average trading volume of 103,406 shares, the days-to-cover ratio is presently 0.2 days.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Trading Up 3.2%

Shares of Direxion Daily Pharmaceutical & Medical Bull 3X Shares stock traded up $0.59 during trading on Monday, reaching $19.32. The company’s stock had a trading volume of 55,441 shares, compared to its average volume of 92,146. Direxion Daily Pharmaceutical & Medical Bull 3X Shares has a fifty-two week low of $5.20 and a fifty-two week high of $21.03. The firm has a market cap of $23.18 million, a PE ratio of 10.33 and a beta of 1.72. The company has a 50-day moving average price of $15.53 and a two-hundred day moving average price of $13.16.

About Direxion Daily Pharmaceutical & Medical Bull 3X Shares

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.