Short Interest in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Drops By 29.6%

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) was the target of a large decrease in short interest in the month of January. As of January 15th, there was short interest totaling 10,412 shares, a decrease of 29.6% from the December 31st total of 14,795 shares. Approximately 2.1% of the shares of the company are sold short. Based on an average trading volume of 24,307 shares, the short-interest ratio is presently 0.4 days. Based on an average trading volume of 24,307 shares, the short-interest ratio is presently 0.4 days. Approximately 2.1% of the shares of the company are sold short.

Hedge Funds 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 boosted its position in shares of Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,100 shares of the company’s stock after acquiring an additional 400 shares during the quarter. EverSource Wealth Advisors LLC owned 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 up $3.17 during trading hours on Monday, reaching $83.76. The company had a trading volume of 70,268 shares, compared to its average volume of 23,446. The business has a fifty day moving average price of $74.05 and a 200-day moving average price of $73.28. Direxion Daily Industrials Bull 3X Shares has a one year low of $32.06 and a one year high of $83.86. The firm has a market cap of $41.88 million, a PE ratio of 26.16 and a beta of 3.30.

Direxion Daily Industrials Bull 3X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were paid a dividend of $7.273 per share. The ex-dividend date was Wednesday, December 10th. This represents a $29.09 dividend on an annualized basis and a yield of 34.7%. This is a boost from Direxion Daily Industrials Bull 3X Shares’s previous quarterly dividend of $0.11.

About Direxion Daily Industrials Bull 3X Shares

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.