Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Stock Price Up 3.2% – Still a Buy?

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) shares traded up 3.2% during trading on Wednesday . The company traded as high as $94.77 and last traded at $94.10. 13,411 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 20,952 shares. The stock had previously closed at $91.20.

Direxion Daily Industrials Bull 3X Shares Stock Up 3.2%

The business has a fifty day moving average of $98.36 and a 200 day moving average of $90.83. The firm has a market cap of $56.46 million, a P/E ratio of 26.16 and a beta of 2.98.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC boosted its holdings in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,100 shares of the company’s stock after acquiring an additional 400 shares during the period. 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 Securities and Exchange Commission.

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.