Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Trading Up 3.2% – Time to Buy?

Shares of Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) shot up 3.2% during trading on Wednesday . The stock traded as high as $94.77 and last traded at $94.10. Approximately 13,411 shares traded hands during mid-day trading, a decline of 36% from the average session volume of 20,952 shares. The stock had previously closed at $91.20.

Direxion Daily Industrials Bull 3X Shares Stock Performance

The firm’s fifty day simple moving average is $98.24 and its 200 day simple moving average is $90.83. The firm has a market cap of $54.94 million, a P/E ratio of 26.16 and a beta of 2.98.

Institutional Investors Weigh In On Direxion Daily Industrials Bull 3X Shares

A hedge fund recently raised its stake in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC raised its position in shares of Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,100 shares of the company’s stock after buying an additional 400 shares during the quarter. EverSource Wealth Advisors LLC owned about 0.38% of Direxion Daily Industrials Bull 3X Shares worth $143,000 as of its most recent SEC filing.

About Direxion Daily Industrials Bull 3X Shares

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.