Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) Stock Short Interest Jumps 82.8%

Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) was the recipient of a significant growth in short interest in the month of September. As of September 30th, there was short interest totaling 15,889 shares, a growth of 82.8% from the September 15th total of 8,694 shares. Based on an average daily trading volume, of 13,193 shares, the short-interest ratio is currently 1.2 days. Approximately 2.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Direxion Daily Industrials Bull 3X ETF stock. Toth Financial Advisory Corp purchased a new stake in Direxion Daily Industrials Bull 3X ETF (NYSEARCA:DUSL) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 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 quarter.

Direxion Daily Industrials Bull 3X ETF Stock Performance

Shares of DUSL traded down $0.15 during midday trading on Friday, hitting $74.42. 28,807 shares of the stock traded hands, compared to its average volume of 19,737. Direxion Daily Industrials Bull 3X ETF has a 1-year low of $64.94 and a 1-year high of $106.88. The firm has a market capitalization of $40.93 million, a PE ratio of 26.16 and a beta of 2.97. The business’s 50 day moving average price is $84.32 and its two-hundred day moving average price is $88.63.

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.