Short Interest in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Drops By 52.0%

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) saw a large decline in short interest in May. As of May 15th, there was short interest totaling 19,700 shares, a decline of 52.0% from the April 30th total of 41,079 shares. Approximately 3.3% of the company’s shares are sold short. Based on an average trading volume of 20,606 shares, the days-to-cover ratio is presently 1.0 days.

Hedge Funds Weigh In On Direxion Daily Industrials Bull 3X Shares

A hedge fund recently raised its stake in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC lifted its stake in shares of Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,100 shares of the company’s stock after buying an additional 400 shares during the quarter. EverSource Wealth Advisors LLC owned approximately 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 at the end of the most recent reporting period.

Direxion Daily Industrials Bull 3X Shares Stock Down 1.3%

NYSEARCA DUSL traded down $1.11 during trading on Monday, hitting $85.70. The stock had a trading volume of 8,970 shares, compared to its average volume of 24,154. The company has a market capitalization of $51.42 million, a PE ratio of 26.16 and a beta of 3.06. The firm has a 50 day moving average price of $83.79 and a 200 day moving average price of $80.86. Direxion Daily Industrials Bull 3X Shares has a twelve month low of $59.49 and a twelve month high of $100.94.

About Direxion Daily Industrials Bull 3X Shares

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.