Short Interest in Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) Declines By 58.6%

Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 36,971 shares, a drop of 58.6% from the June 15th total of 89,321 shares. Approximately 3.7% of the company’s stock are short sold. Based on an average daily volume of 119,403 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Direxion Daily Utilities Bull 3X Shares

An institutional investor recently raised its position in Direxion Daily Utilities Bull 3X Shares stock. Tower Research Capital LLC TRC increased its holdings in Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) by 32.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 37,332 shares of the company’s stock after acquiring an additional 9,235 shares during the quarter. Tower Research Capital LLC TRC owned approximately 4.67% of Direxion Daily Utilities Bull 3X Shares worth $1,382,000 as of its most recent filing with the SEC.

Direxion Daily Utilities Bull 3X Shares Trading Down 0.2%

UTSL stock traded down $0.08 during trading on Tuesday, reaching $46.42. The stock had a trading volume of 77,554 shares, compared to its average volume of 118,600. Direxion Daily Utilities Bull 3X Shares has a 1-year low of $36.40 and a 1-year high of $55.21. The company has a market capitalization of $46.42 million, a P/E ratio of 21.39 and a beta of 1.70. The firm has a fifty day moving average price of $44.38 and a 200 day moving average price of $45.84.

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.