Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL) Stock Short Interest Declines 60.6%

Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL – Get Free Report) was the target of a large drop in short interest in October. As of October 15th, there was short interest totaling 81,213 shares, a drop of 60.6% from the September 30th total of 206,167 shares. Currently, 4.1% of the shares of the stock are short sold. Based on an average daily volume of 334,751 shares, the days-to-cover ratio is presently 0.2 days.

Direxion Daily Utilities Bull 3X ETF Stock Performance

Direxion Daily Utilities Bull 3X ETF stock opened at $35.85 on Thursday. The firm has a market capitalization of $66.32 million, a P/E ratio of 21.39 and a beta of 1.64. The company has a 50-day simple moving average of $34.64 and a 200-day simple moving average of $42.98. Direxion Daily Utilities Bull 3X ETF has a one year low of $28.21 and a one year high of $55.21.

About Direxion Daily Utilities Bull 3X ETF

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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.

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