Direxion Daily MSCI India Bull 2X ETF (NYSEARCA:INDL) Stock Short Interest Falls 34.4%

Direxion Daily MSCI India Bull 2X ETF (NYSEARCA:INDL) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 28,948 shares, a drop of 34.4% from the September 30th total of 44,119 shares. Currently, 2.2% of the shares of the stock are sold short. Based on an average trading volume of 23,709 shares, the days-to-cover ratio is currently 1.2 days.

Direxion Daily MSCI India Bull 2X ETF Trading Up 1.1%

Shares of NYSEARCA INDL opened at $42.71 on Wednesday. Direxion Daily MSCI India Bull 2X ETF has a 12 month low of $37.25 and a 12 month high of $59.79. The firm has a market capitalization of $55.52 million, a price-to-earnings ratio of 23.82 and a beta of 0.94. The business has a 50-day moving average of $41.58 and a 200-day moving average of $45.23.

Direxion Daily MSCI India Bull 2X ETF Company Profile

Direxion Daily India Bull 3x Shares, formerly Direxion Daily India Bull 2x Shares, seeks daily investment results, before fees and expenses, of 300% of the performance of the Indus India Index. The Indus India Index, which is designed to replicate the Indian equity markets as a whole, through a group of 50 Indian stocks selected from a universe of the largest companies listed on two Indian exchanges. The Index utilizes a measure called IndusCap, which takes into account restrictions on foreign ownership of Indian securities imposed by Indian regulators.