Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Stock Price Up 3.2% – Here’s Why

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) traded up 3.2% during trading on Wednesday . The stock traded as high as $94.77 and last traded at $94.10. 13,411 shares were traded during trading, a decline of 36% from the average session volume of 20,952 shares. The stock had previously closed at $91.20.

Direxion Daily Industrials Bull 3X Shares Stock Up 3.2%

The stock has a market capitalization of $56.46 million, a P/E ratio of 26.16 and a beta of 2.98. The stock has a 50 day simple moving average of $98.36 and a two-hundred day simple moving average of $90.83.

Hedge Funds Weigh In On Direxion Daily Industrials Bull 3X Shares

A hedge fund recently raised its position in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC increased its position 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 disclosure with the Securities and Exchange Commission. The fund owned 2,100 shares of the company’s stock after buying an additional 400 shares during the period. EverSource Wealth Advisors LLC owned 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 as of its most recent filing with the Securities and Exchange Commission.

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.