Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) Short Interest Update

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 137,983 shares, an increase of 288.7% from the February 12th total of 35,498 shares. Based on an average daily volume of 122,767 shares, the days-to-cover ratio is presently 1.1 days. Approximately 8.9% of the shares of the company are sold short. Approximately 8.9% of the shares of the company are sold short. Based on an average daily volume of 122,767 shares, the days-to-cover ratio is presently 1.1 days.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Trading Down 10.3%

Shares of Direxion Daily Pharmaceutical & Medical Bull 3X Shares stock opened at $10.17 on Friday. The firm has a fifty day simple moving average of $12.22 and a 200-day simple moving average of $10.40. The stock has a market capitalization of $15.76 million, a price-to-earnings ratio of 10.33 and a beta of 1.78. Direxion Daily Pharmaceutical & Medical Bull 3X Shares has a 1-year low of $3.62 and a 1-year high of $13.67.

About Direxion Daily Pharmaceutical & Medical Bull 3X Shares

The Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF (PILL) is an exchange-traded fund that is based on the S&P Pharmaceuticals Select Industry index. The fund provides 3x daily exposure to a modified equal-weighted index of pharmaceutical companies in the US. PILL was launched on Nov 15, 2017 and is managed by Direxion.