Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) Short Interest Update

Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 71,260 shares, a growth of 239.2% from the July 30th total of 21,007 shares. Based on an average daily trading volume, of 225,475 shares, the days-to-cover ratio is presently 0.3 days. Currently, 7.9% of the company’s stock are sold short.

Hedge Funds Weigh In On Direxion Daily Utilities Bull 3X Shares

An institutional investor recently raised its stake in Direxion Daily Utilities Bull 3X Shares stock. Virtu Financial LLC boosted its stake in shares of Direxion Daily Utilities Bull 3X Shares (NYSEARCA:UTSL) by 208.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,201 shares of the company’s stock after purchasing an additional 19,725 shares during the quarter. Virtu Financial LLC owned approximately 2.43% of Direxion Daily Utilities Bull 3X Shares worth $1,184,000 at the end of the most recent reporting period.

Direxion Daily Utilities Bull 3X Shares Trading Down 3.2%

UTSL stock opened at $37.19 on Friday. The stock’s 50 day simple moving average is $43.37 and its 200 day simple moving average is $46.09. Direxion Daily Utilities Bull 3X Shares has a 12-month low of $36.78 and a 12-month high of $55.21. The firm has a market cap of $33.47 million, a P/E ratio of 21.39 and a beta of 1.70.

Direxion Daily Utilities Bull 3X Shares Company Profile

The Direxion Daily Utilities Bull 3X Shares (UTSL) is an exchange-traded fund that is based on the Utilities Select Sector index. The fund provides daily 3x exposure to a market-cap-weighted index of utility companies in the US. UTSL was launched on May 3, 2017 and is managed by Direxion.