Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) Stock Short Interest Drops 41.6%

Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) saw a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 48,901 shares, a drop of 41.6% from the August 31st total of 83,714 shares. Approximately 3.5% of the shares of the company are short sold. Based on an average daily volume of 156,095 shares, the short-interest ratio is currently 0.3 days.

Institutional Trading of Direxion Daily Utilities Bull 3X ETF

An institutional investor recently raised its position in Direxion Daily Utilities Bull 3X ETF stock. Virtu Financial LLC boosted its holdings in shares of Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) by 208.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,201 shares of the company’s stock after acquiring an additional 19,725 shares during the period. Virtu Financial LLC owned approximately 2.43% of Direxion Daily Utilities Bull 3X ETF worth $1,184,000 as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily Utilities Bull 3X ETF Stock Down 1.0%

UTSL traded down $0.30 during trading on Wednesday, reaching $29.40. 299,785 shares of the company’s stock were exchanged, compared to its average volume of 136,224. Direxion Daily Utilities Bull 3X ETF has a fifty-two week low of $28.21 and a fifty-two week high of $55.21. The business has a 50 day moving average price of $38.27 and a 200 day moving average price of $43.52. The company has a market capitalization of $44.10 million, a P/E ratio of 21.39 and a beta of 1.66.

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.