Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) Short Interest Update

Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) saw a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 54,520 shares, an increase of 414.7% from the April 30th total of 10,593 shares. Based on an average trading volume of 89,901 shares, the short-interest ratio is presently 0.6 days. Currently, 6.4% of the shares of the company are short sold.

Institutional Investors Weigh In On Direxion Daily Utilities Bull 3X Shares

A hedge fund recently raised its stake in Direxion Daily Utilities Bull 3X Shares stock. Virtu Financial LLC boosted its position in shares of Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) by 208.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 29,201 shares of the company’s stock after acquiring an additional 19,725 shares during the period. Virtu Financial LLC owned 2.43% of Direxion Daily Utilities Bull 3X Shares worth $1,184,000 at the end of the most recent quarter.

Direxion Daily Utilities Bull 3X Shares Trading Down 1.4%

NYSEARCA UTSL traded down $0.62 on Friday, reaching $43.04. 82,582 shares of the stock were exchanged, compared to its average volume of 119,715. Direxion Daily Utilities Bull 3X Shares has a one year low of $34.23 and a one year high of $55.21. The firm has a market capitalization of $36.58 million, a PE ratio of 21.39 and a beta of 1.79. The company’s 50-day simple moving average is $47.38 and its two-hundred day simple moving average is $45.74.

About Direxion Daily Utilities Bull 3X Shares

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.