Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Sees Significant Increase in Short Interest

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) was the target of a large growth in short interest in the month of April. As of April 15th, there was short interest totaling 13,111 shares, a growth of 335.6% from the March 31st total of 3,010 shares. Approximately 2.4% of the company’s shares are short sold. Based on an average daily trading volume, of 21,786 shares, the days-to-cover ratio is presently 0.6 days.

Direxion Daily Industrials Bull 3X Shares Trading Down 3.3%

Shares of Direxion Daily Industrials Bull 3X Shares stock opened at $87.46 on Friday. The company has a market capitalization of $48.10 million, a PE ratio of 26.16 and a beta of 3.11. Direxion Daily Industrials Bull 3X Shares has a 12 month low of $45.46 and a 12 month high of $100.94. The stock’s fifty day simple moving average is $85.18 and its 200 day simple moving average is $78.63.

Institutional Trading of 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 boosted its stake in shares of Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 2,100 shares of the company’s stock after buying an additional 400 shares during the period. EverSource Wealth Advisors LLC owned approximately 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 as of its most recent filing with the SEC.

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.