Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) Sees Significant Increase in Short Interest

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 51,125 shares, a growth of 198.6% from the April 30th total of 17,124 shares. Based on an average trading volume of 63,388 shares, the days-to-cover ratio is presently 0.8 days. Approximately 4.9% of the shares of the company are sold short.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Price Performance

NYSEARCA PILL traded down $0.10 on Friday, hitting $12.46. 23,175 shares of the stock were exchanged, compared to its average volume of 94,819. The business’s fifty day moving average is $11.69 and its 200 day moving average is $11.76. Direxion Daily Pharmaceutical & Medical Bull 3X Shares has a 52 week low of $5.01 and a 52 week high of $14.25. The company has a market capitalization of $13.08 million, a PE ratio of 10.33 and a beta of 1.82.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Company Profile

The Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF (PILL) is an exchange-traded fund that is based on the S&P Pharmaceuticals Select Industry index. The fund provides 3x daily exposure to a modified equal-weighted index of pharmaceutical companies in the US. PILL was launched on Nov 15, 2017 and is managed by Direxion.