Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Short Interest Up 75.4% in December

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) was the target of a significant increase in short interest in December. As of December 15th, there was short interest totaling 18,752 shares, an increase of 75.4% from the November 30th total of 10,693 shares. Approximately 3.8% of the company’s stock are sold short. Based on an average trading volume of 22,708 shares, the short-interest ratio is presently 0.8 days. Based on an average trading volume of 22,708 shares, the short-interest ratio is presently 0.8 days. Approximately 3.8% of the company’s stock are sold short.

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

An institutional investor recently raised its position in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC grew its position in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,100 shares of the company’s stock after purchasing an additional 400 shares during the quarter. EverSource Wealth Advisors LLC owned approximately 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 opened at $70.27 on Friday. The stock has a 50-day simple moving average of $71.71 and a 200-day simple moving average of $71.36. The stock has a market capitalization of $35.14 million, a PE ratio of 26.16 and a beta of 3.30. Direxion Daily Industrials Bull 3X Shares has a 1 year low of $32.06 and a 1 year high of $78.38.

Direxion Daily Industrials Bull 3X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were paid a $7.273 dividend. This is an increase from Direxion Daily Industrials Bull 3X Shares’s previous quarterly dividend of $0.11. This represents a $29.09 dividend on an annualized basis and a yield of 41.4%. The ex-dividend date was Wednesday, December 10th.

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.