Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL – Get Free Report) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 10,593 shares, a drop of 57.4% from the April 15th total of 24,893 shares. Approximately 1.2% of the company’s stock are short sold. Based on an average daily trading volume, of 91,303 shares, the days-to-cover ratio is presently 0.1 days.
Hedge Funds Weigh In On Direxion Daily Utilities Bull 3X Shares
An institutional investor recently raised its position in Direxion Daily Utilities Bull 3X Shares stock. Virtu Financial LLC boosted its holdings in shares of Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL – Free Report) by 208.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,201 shares of the company’s stock after buying an additional 19,725 shares during the quarter. Virtu Financial LLC owned approximately 2.43% of Direxion Daily Utilities Bull 3X Shares worth $1,184,000 as of its most recent SEC filing.
Direxion Daily Utilities Bull 3X Shares Stock Down 6.7%
UTSL stock traded down $3.02 during trading on Friday, hitting $41.80. 142,483 shares of the company’s stock traded hands, compared to its average volume of 123,539. The firm has a market capitalization of $35.53 million, a P/E ratio of 21.39 and a beta of 1.79. The business has a fifty day simple moving average of $48.85 and a two-hundred day simple moving average of $45.94. Direxion Daily Utilities Bull 3X Shares has a 1 year low of $33.74 and a 1 year high of $55.21.
Direxion Daily Utilities Bull 3X Shares Company Profile
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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