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 May. As of May 29th, there was short interest totaling 11,788 shares, a drop of 40.2% from the May 14th total of 19,700 shares. Approximately 2.0% of the company’s shares are short sold. Based on an average daily volume of 15,054 shares, the days-to-cover ratio is presently 0.8 days.

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 boosted its stake in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,100 shares of the company’s stock after acquiring 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 SEC filing.

Direxion Daily Industrials Bull 3X Shares Stock Up 2.7%

Shares of NYSEARCA DUSL opened at $96.58 on Wednesday. The company’s fifty day moving average is $87.16 and its 200-day moving average is $82.41. The stock has a market cap of $57.95 million, a price-to-earnings ratio of 26.16 and a beta of 3.00. Direxion Daily Industrials Bull 3X Shares has a twelve month low of $60.46 and a twelve month high of $100.94.

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.