Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Trading Down 4.9% – Time to Sell?

Shares of Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) dropped 4.9% on Tuesday . The stock traded as low as $96.89 and last traded at $99.59. Approximately 36,886 shares were traded during trading, an increase of 55% from the average session volume of 23,812 shares. The stock had previously closed at $104.70.

Direxion Daily Industrials Bull 3X Shares Stock Performance

The firm has a market capitalization of $59.75 million, a P/E ratio of 26.16 and a beta of 2.97. The stock has a 50 day moving average of $91.34 and a 200-day moving average of $85.45.

Institutional Trading of 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 increased its holdings in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% in the 2nd 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 buying 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 SEC filing.

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.