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

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) was the target of a significant drop in short interest in July. As of July 15th, there was short interest totaling 21,349 shares, a drop of 72.0% from the June 30th total of 76,372 shares. Approximately 1.8% of the company’s stock are sold short. Based on an average daily trading volume, of 103,406 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Stock Performance

Direxion Daily Pharmaceutical & Medical Bull 3X Shares stock traded down $0.47 during midday trading on Friday, reaching $18.73. The stock had a trading volume of 35,257 shares, compared to its average volume of 92,406. The stock has a market capitalization of $22.48 million, a P/E ratio of 10.33 and a beta of 1.72. The firm’s fifty day simple moving average is $15.37 and its 200-day simple moving average is $13.09. Direxion Daily Pharmaceutical & Medical Bull 3X Shares has a 1-year low of $5.20 and a 1-year high of $21.03.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Company Profile

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.