Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) Short Interest Down 50.5% in August

Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) was the recipient of a large decrease in short interest in the month of August. As of August 31st, there was short interest totaling 11,780 shares, a decrease of 50.5% from the August 15th total of 23,788 shares. Based on an average trading volume of 10,753 shares, the days-to-cover ratio is currently 1.1 days. Approximately 2.0% of the company’s shares are sold short.

Direxion Daily Industrials Bull 3X ETF Stock Performance

Shares of NYSEARCA:DUSL traded down $1.50 during mid-day trading on Tuesday, reaching $76.52. 6,365 shares of the company’s stock were exchanged, compared to its average volume of 20,275. The firm has a market capitalization of $45.91 million, a price-to-earnings ratio of 26.16 and a beta of 2.97. The business’s fifty day moving average price is $94.14 and its 200-day moving average price is $89.89. Direxion Daily Industrials Bull 3X ETF has a twelve month low of $64.94 and a twelve month high of $106.88.

Direxion Daily Industrials Bull 3X ETF 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.