Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) Stock Short Interest Report for September

Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 206,167 shares, an increase of 321.6% from the September 15th total of 48,901 shares. Based on an average trading volume of 271,880 shares, the days-to-cover ratio is currently 0.8 days. Currently, 10.3% of the company’s stock are short sold.

Institutional Investors Weigh In On Direxion Daily Utilities Bull 3X ETF

A hedge fund recently raised its position in Direxion Daily Utilities Bull 3X ETF stock. Virtu Financial LLC raised its stake in shares of Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) by 208.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,201 shares of the company’s stock after buying an additional 19,725 shares during the period. Virtu Financial LLC owned about 2.43% of Direxion Daily Utilities Bull 3X ETF worth $1,184,000 as of its most recent SEC filing.

Direxion Daily Utilities Bull 3X ETF Stock Up 0.9%

Shares of UTSL traded up $0.29 during trading hours on Monday, reaching $33.72. The company’s stock had a trading volume of 115,175 shares, compared to its average volume of 145,687. The firm has a market cap of $72.49 million, a price-to-earnings ratio of 21.39 and a beta of 1.64. Direxion Daily Utilities Bull 3X ETF has a 1-year low of $28.21 and a 1-year high of $55.21. The company has a 50 day moving average of $36.02 and a two-hundred day moving average of $42.46.

Direxion Daily Utilities Bull 3X ETF Company Profile

The Direxion Daily Utilities Bull 3X Shares (UTSL) is an exchange-traded fund that is based on the Utilities Select Sector index. The fund provides daily 3x exposure to a market-cap-weighted index of utility companies in the US. UTSL was launched on May 3, 2017 and is managed by Direxion.