Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) Stock Short Interest Climbs 82.8%

Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) was the target of a large increase in short interest in the month of September. As of September 30th, there was short interest totaling 15,889 shares, an increase of 82.8% from the September 15th total of 8,694 shares. Based on an average trading volume of 13,193 shares, the short-interest ratio is presently 1.2 days. Currently, 2.9% of the company’s shares are short sold.

Direxion Daily Industrials Bull 3X ETF Price Performance

Shares of DUSL stock opened at $73.59 on Thursday. The firm’s 50-day moving average is $85.43 and its two-hundred day moving average is $88.70. Direxion Daily Industrials Bull 3X ETF has a 12 month low of $64.94 and a 12 month high of $106.88. The company has a market capitalization of $40.47 million, a PE ratio of 26.16 and a beta of 2.97.

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

A hedge fund recently bought a new stake in Direxion Daily Industrials Bull 3X ETF stock. Toth Financial Advisory Corp purchased a new position in shares of Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 3,825 shares of the company’s stock, valued at approximately $284,000. Toth Financial Advisory Corp owned 0.70% of Direxion Daily Industrials Bull 3X ETF at the end of the most recent quarter.

Direxion Daily Industrials Bull 3X ETF 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.