Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Short Interest Down 33.9% in March

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) was the target of a significant drop in short interest in the month of March. As of March 13th, there was short interest totaling 11,058 shares, a drop of 33.9% from the February 26th total of 16,717 shares. Based on an average daily volume of 30,646 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On Direxion Daily Industrials Bull 3X Shares

A hedge fund recently raised its stake in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC increased its position in shares of Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,100 shares of the company’s stock after buying an additional 400 shares during the quarter. EverSource Wealth Advisors LLC owned about 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 at the end of the most recent reporting period.

Direxion Daily Industrials Bull 3X Shares Stock Performance

Shares of DUSL stock traded down $2.70 on Friday, reaching $70.18. 9,355 shares of the company were exchanged, compared to its average volume of 25,942. Direxion Daily Industrials Bull 3X Shares has a 1 year low of $32.06 and a 1 year high of $100.94. The business has a 50-day moving average price of $86.04 and a 200 day moving average price of $77.35. The company has a market cap of $35.09 million, a price-to-earnings ratio of 26.16 and a beta of 3.30.

Direxion Daily Industrials Bull 3X Shares 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.