Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) Sees Significant Drop in Short Interest

Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 3,640 shares, a decrease of 77.1% from the September 30th total of 15,889 shares. Based on an average daily trading volume, of 16,950 shares, the short-interest ratio is presently 0.2 days. Approximately 0.7% of the shares of the company are sold short.

Direxion Daily Industrials Bull 3X ETF Trading Up 2.6%

Shares of DUSL traded up $1.92 during mid-day trading on Thursday, hitting $77.13. 12,019 shares of the company’s stock were exchanged, compared to its average volume of 19,316. Direxion Daily Industrials Bull 3X ETF has a fifty-two week low of $64.94 and a fifty-two week high of $106.88. The business’s 50 day moving average is $79.57 and its two-hundred day moving average is $87.10. The firm has a market capitalization of $42.42 million, a P/E ratio of 26.16 and a beta of 2.97.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Direxion Daily Industrials Bull 3X ETF stock. Toth Financial Advisory Corp bought a new stake in Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,825 shares of the company’s stock, valued at approximately $284,000. Toth Financial Advisory Corp owned 0.70% of Direxion Daily Industrials Bull 3X ETF at the end of the most recent quarter.

About Direxion Daily Industrials Bull 3X ETF

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.