Direxion Daily MSCI India Bull 2X ETF (NYSEARCA:INDL) Shares Shorted: Short Interest Down 34.4% in October

Direxion Daily MSCI India Bull 2X ETF (NYSEARCA:INDL) was the target of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 28,948 shares, a decrease of 34.4% from the September 30th total of 44,119 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average trading volume of 23,709 shares, the days-to-cover ratio is currently 1.2 days.

Direxion Daily MSCI India Bull 2X ETF Price Performance

INDL stock traded up $0.61 during mid-day trading on Tuesday, hitting $42.85. 12,766 shares of the stock were exchanged, compared to its average volume of 24,251. The business has a fifty day moving average price of $41.62 and a 200 day moving average price of $45.29. Direxion Daily MSCI India Bull 2X ETF has a 12 month low of $37.25 and a 12 month high of $59.79. The stock has a market capitalization of $55.70 million, a price-to-earnings ratio of 23.82 and a beta of 0.93.

About Direxion Daily MSCI India Bull 2X ETF

Direxion Daily India Bull 3x Shares, formerly Direxion Daily India Bull 2x Shares, seeks daily investment results, before fees and expenses, of 300% of the performance of the Indus India Index. The Indus India Index, which is designed to replicate the Indian equity markets as a whole, through a group of 50 Indian stocks selected from a universe of the largest companies listed on two Indian exchanges. The Index utilizes a measure called IndusCap, which takes into account restrictions on foreign ownership of Indian securities imposed by Indian regulators.