Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) Sees Significant Decrease in Short Interest

Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL – Get Free Report) was the recipient of a significant decline in short interest during the month of October. As of October 30th, there was short interest totaling 10,928 shares, a decline of 86.5% from the October 15th total of 81,213 shares. Based on an average trading volume of 216,392 shares, the short-interest ratio is currently 0.1 days. Currently, 0.6% of the shares of the stock are short sold.

Direxion Daily Utilities Bull 3X ETF Trading Down 0.5%

NYSEARCA UTSL traded down $0.20 during trading on Wednesday, hitting $38.65. 23,954 shares of the company’s stock were exchanged, compared to its average volume of 152,157. The company has a market cap of $65.71 million, a PE ratio of 21.39 and a beta of 1.57. Direxion Daily Utilities Bull 3X ETF has a fifty-two week low of $28.21 and a fifty-two week high of $55.21. The stock’s 50 day moving average price is $34.59 and its two-hundred day moving average price is $42.86.

About Direxion Daily Utilities Bull 3X ETF

(Get Free Report)

The Direxion Daily Utilities Bull 3X Shares (UTSL) is an exchange-traded fund that is based on the Utilities Select Sector index. The fund provides daily 3x exposure to a market-cap-weighted index of utility companies in the US. UTSL was launched on May 3, 2017 and is managed by Direxion.

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