Short Interest in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Rises By 20.9%

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 12,588 shares, a growth of 20.9% from the January 15th total of 10,412 shares. Currently, 2.5% of the company’s shares are short sold. Based on an average daily trading volume, of 17,998 shares, the short-interest ratio is presently 0.7 days. Based on an average daily trading volume, of 17,998 shares, the short-interest ratio is presently 0.7 days. Currently, 2.5% of the company’s shares are short sold.

Institutional Trading of Direxion Daily Industrials Bull 3X Shares

An institutional investor recently raised its position in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC boosted its holdings in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,100 shares of the company’s stock after acquiring 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 reporting period.

Direxion Daily Industrials Bull 3X Shares Trading Down 0.1%

Shares of DUSL stock opened at $94.77 on Thursday. Direxion Daily Industrials Bull 3X Shares has a twelve month low of $32.06 and a twelve month high of $99.17. The company’s 50-day moving average price is $78.69 and its 200-day moving average price is $74.73. The stock has a market cap of $47.39 million, a price-to-earnings ratio of 26.16 and a beta of 3.30.

Direxion Daily Industrials Bull 3X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were issued a $7.273 dividend. This represents a $29.09 annualized dividend and a yield of 30.7%. The ex-dividend date was Wednesday, December 10th. This is a positive change from Direxion Daily Industrials Bull 3X Shares’s previous quarterly dividend of $0.11.

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.