Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) Stock Price Breaks Above 50 Day Moving Average – Here’s What Happened

Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL)’s share price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $76.57 and traded as high as $77.69. Direxion Daily Industrials Bull 3X ETF shares last traded at $77.16, with a volume of 16,245 shares changing hands.

Direxion Daily Industrials Bull 3X ETF Trading Up 3.7%

The stock has a market cap of $42.44 million, a price-to-earnings ratio of 26.16 and a beta of 2.97. The firm’s 50-day moving average is $76.57 and its two-hundred day moving average is $86.81.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily Industrials Bull 3X ETF stock. Toth Financial Advisory Corp purchased a new position in shares of Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,825 shares of the company’s stock, valued at approximately $284,000. Toth Financial Advisory Corp owned 0.70% of Direxion Daily Industrials Bull 3X ETF as of its most recent SEC filing.

Direxion Daily Industrials Bull 3X ETF Company Profile

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.