Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) Sees Significant Increase in Short Interest

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) saw a significant growth in short interest in the month of May. As of May 15th, there was short interest totaling 51,125 shares, a growth of 198.6% from the April 30th total of 17,124 shares. Approximately 4.9% of the shares of the company are sold short. Based on an average daily volume of 63,388 shares, the days-to-cover ratio is currently 0.8 days.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Stock Down 0.8%

Shares of PILL traded down $0.10 during trading hours on Friday, hitting $12.46. The company had a trading volume of 23,175 shares, compared to its average volume of 94,819. The firm has a market cap of $13.08 million, a price-to-earnings ratio of 10.33 and a beta of 1.82. The business has a fifty day moving average of $11.69 and a 200-day moving average of $11.76. Direxion Daily Pharmaceutical & Medical Bull 3X Shares has a 12 month low of $5.01 and a 12 month high of $14.25.

About Direxion Daily Pharmaceutical & Medical Bull 3X Shares

The Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF (PILL) is an exchange-traded fund that is based on the S&P Pharmaceuticals Select Industry index. The fund provides 3x daily exposure to a modified equal-weighted index of pharmaceutical companies in the US. PILL was launched on Nov 15, 2017 and is managed by Direxion.