Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Short Interest Update

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) saw a significant drop in short interest in January. As of January 15th, there was short interest totaling 10,412 shares, a drop of 29.6% from the December 31st total of 14,795 shares. Based on an average daily volume of 24,307 shares, the days-to-cover ratio is presently 0.4 days. Approximately 2.1% of the company’s shares are short sold. Approximately 2.1% of the company’s shares are short sold. Based on an average daily volume of 24,307 shares, the days-to-cover ratio is presently 0.4 days.

Direxion Daily Industrials Bull 3X Shares Stock Down 0.6%

Direxion Daily Industrials Bull 3X Shares stock opened at $80.59 on Friday. Direxion Daily Industrials Bull 3X Shares has a twelve month low of $32.06 and a twelve month high of $83.76. The company has a 50 day moving average of $73.74 and a 200-day moving average of $73.18. The stock has a market capitalization of $40.30 million, a PE ratio of 26.16 and a beta of 3.30.

Direxion Daily Industrials Bull 3X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were issued a dividend of $7.273 per share. This is a boost from Direxion Daily Industrials Bull 3X Shares’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, December 10th. This represents a $29.09 dividend on an annualized basis and a yield of 36.1%.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC increased its holdings in shares of Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,100 shares of the company’s stock after acquiring an additional 400 shares during the quarter. EverSource Wealth Advisors LLC owned about 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.