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

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) was the target of a significant increase in short interest in the month of April. As of April 30th, there was short interest totaling 41,079 shares, an increase of 213.3% from the April 15th total of 13,111 shares. Based on an average daily trading volume, of 31,259 shares, the short-interest ratio is currently 1.3 days. Approximately 6.8% of the shares of the company are short sold.

Direxion Daily Industrials Bull 3X Shares Price Performance

Shares of NYSEARCA DUSL traded up $1.37 during mid-day trading on Thursday, hitting $89.67. The company had a trading volume of 11,729 shares, compared to its average volume of 25,251. The business’s 50-day simple moving average is $83.30 and its 200-day simple moving average is $79.95. Direxion Daily Industrials Bull 3X Shares has a 12 month low of $57.90 and a 12 month high of $100.94. The firm has a market cap of $53.80 million, a P/E ratio of 26.16 and a beta of 3.06.

Institutional Investors 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 raised its stake in shares of Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,100 shares of the company’s stock after purchasing an additional 400 shares during the quarter. EverSource Wealth Advisors LLC owned 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

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.