Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) Share Price Breaks Above 50 Day Moving Average – Time to Sell?

Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL)’s share price passed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of $76.57 and traded as high as $77.69. Direxion Daily Industrials Bull 3X ETF shares last traded at $77.16, with a volume of 16,245 shares traded.

Direxion Daily Industrials Bull 3X ETF Stock Performance

The stock has a market cap of $42.44 million, a PE ratio of 26.16 and a beta of 2.97. The firm has a fifty day moving average price of $76.57 and a 200 day moving average price of $86.81.

Hedge Funds Weigh In On Direxion Daily Industrials Bull 3X ETF

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 shares of Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) in the third quarter, according to its most recent 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 reporting period.

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.