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

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 21,349 shares, a decrease of 72.0% from the June 30th total of 76,372 shares. Based on an average trading volume of 103,406 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.8% of the shares of the stock are sold short.

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

Shares of NYSEARCA PILL traded down $0.15 during midday trading on Tuesday, hitting $19.17. The stock had a trading volume of 36,672 shares, compared to its average volume of 91,754. The company has a market capitalization of $23.00 million, a PE ratio of 10.33 and a beta of 1.72. The stock has a 50 day simple moving average of $15.53 and a 200-day simple moving average of $13.16. Direxion Daily Pharmaceutical & Medical Bull 3X Shares has a 1 year low of $5.20 and a 1 year high of $21.03.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares 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.