Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) Short Interest Update

Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totaling 48,901 shares, a drop of 41.6% from the August 31st total of 83,714 shares. Approximately 3.5% of the company’s stock are sold short. Based on an average daily volume of 156,095 shares, the days-to-cover ratio is presently 0.3 days.

Direxion Daily Utilities Bull 3X ETF Price Performance

UTSL stock traded down $0.30 during midday trading on Wednesday, reaching $29.40. 299,785 shares of the company were exchanged, compared to its average volume of 136,224. The firm has a market capitalization of $44.10 million, a price-to-earnings ratio of 21.39 and a beta of 1.66. The business has a 50-day moving average price of $38.27 and a two-hundred day moving average price of $43.52. Direxion Daily Utilities Bull 3X ETF has a one year low of $28.21 and a one year high of $55.21.

Institutional Trading of Direxion Daily Utilities Bull 3X ETF

A hedge fund recently raised its stake in Direxion Daily Utilities Bull 3X ETF stock. Virtu Financial LLC increased its position in Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) by 208.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,201 shares of the company’s stock after buying an additional 19,725 shares during the quarter. Virtu Financial LLC owned 2.43% of Direxion Daily Utilities Bull 3X ETF worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily Utilities Bull 3X ETF Company Profile

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.