Short Interest in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Declines By 52.0%

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) saw a significant drop in short interest during the month of May. As of May 15th, there was short interest totaling 19,700 shares, a drop of 52.0% from the April 30th total of 41,079 shares. Based on an average daily trading volume, of 20,606 shares, the short-interest ratio is currently 1.0 days. Currently, 3.3% of the shares of the company are short sold.

Direxion Daily Industrials Bull 3X Shares Stock Up 3.0%

DUSL opened at $88.30 on Wednesday. Direxion Daily Industrials Bull 3X Shares has a 12-month low of $60.46 and a 12-month high of $100.94. The stock has a market cap of $52.98 million, a price-to-earnings ratio of 26.16 and a beta of 3.06. The business has a 50 day moving average of $83.79 and a 200-day moving average of $80.86.

Institutional Trading of Direxion Daily Industrials Bull 3X Shares

A hedge fund recently raised its stake in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC grew its holdings in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,100 shares of the company’s stock after buying an additional 400 shares during the period. EverSource Wealth Advisors LLC owned 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 at the end of the most recent quarter.

Direxion Daily Industrials Bull 3X Shares Company Profile

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.