Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Short Interest Down 52.0% in May

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 19,700 shares, a decline of 52.0% from the April 30th total of 41,079 shares. Currently, 3.3% of the company’s shares are short sold. Based on an average daily trading volume, of 20,606 shares, the short-interest ratio is currently 1.0 days.

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 boosted its stake in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm 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 at the end of the most recent quarter.

Direxion Daily Industrials Bull 3X Shares Trading Down 1.3%

DUSL traded down $1.11 on Monday, hitting $85.70. The company had a trading volume of 8,970 shares, compared to its average volume of 24,154. The firm has a market cap of $51.42 million, a P/E ratio of 26.16 and a beta of 3.06. Direxion Daily Industrials Bull 3X Shares has a 1 year low of $59.49 and a 1 year high of $100.94. The company’s fifty day moving average price is $83.79 and its 200 day moving average price is $80.86.

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.