Short Interest in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Declines By 21.1%

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 14,795 shares, a decrease of 21.1% from the December 15th total of 18,752 shares. Based on an average daily volume of 12,469 shares, the short-interest ratio is presently 1.2 days. Currently, 3.0% of the company’s stock are sold short. Currently, 3.0% of the company’s stock are sold short. Based on an average daily volume of 12,469 shares, the short-interest ratio is presently 1.2 days.

Direxion Daily Industrials Bull 3X Shares Stock Performance

NYSEARCA:DUSL traded up $1.65 during trading hours on Friday, reaching $83.30. The company’s stock had a trading volume of 18,998 shares, compared to its average volume of 23,785. The company has a market capitalization of $41.65 million, a P/E ratio of 26.16 and a beta of 3.30. The stock has a 50 day moving average price of $71.74 and a two-hundred day moving average price of $72.52. Direxion Daily Industrials Bull 3X Shares has a 12 month low of $32.06 and a 12 month high of $83.76.

Direxion Daily Industrials Bull 3X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were paid a $7.273 dividend. This represents a $29.09 annualized dividend and a yield of 34.9%. This is a boost from Direxion Daily Industrials Bull 3X Shares’s previous quarterly dividend of $0.11. The ex-dividend date was Wednesday, December 10th.

Institutional Trading of 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 lifted its position in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,100 shares of the company’s stock after buying an additional 400 shares during the period. EverSource Wealth Advisors LLC owned approximately 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.