Direxion Daily Pharmaceutical & Medical Bull 3X ETF (NYSEARCA:PILL) Stock Short Interest Report for October

Direxion Daily Pharmaceutical & Medical Bull 3X ETF (NYSEARCA:PILL) was the target of a significant growth in short interest in October. As of October 15th, there was short interest totaling 41,214 shares, a growth of 130.5% from the September 30th total of 17,878 shares. Currently, 3.9% of the shares of the stock are sold short. Based on an average daily volume of 47,940 shares, the days-to-cover ratio is currently 0.9 days.

Direxion Daily Pharmaceutical & Medical Bull 3X ETF Stock Down 2.8%

Shares of NYSEARCA PILL traded down $0.44 during mid-day trading on Friday, reaching $15.21. 238,192 shares of the company were exchanged, compared to its average volume of 79,377. The company’s 50 day moving average price is $17.39 and its 200 day moving average price is $14.85. Direxion Daily Pharmaceutical & Medical Bull 3X ETF has a 52 week low of $7.74 and a 52 week high of $24.15. The stock has a market capitalization of $15.97 million, a PE ratio of 10.33 and a beta of 1.79.

Direxion Daily Pharmaceutical & Medical Bull 3X ETF Company Profile

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.