Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Short Interest Down 40.2% in May

Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) was the target of a significant drop in short interest during the month of May. As of May 29th, there was short interest totaling 11,788 shares, a drop of 40.2% from the May 14th total of 19,700 shares. Based on an average daily trading volume, of 15,054 shares, the days-to-cover ratio is currently 0.8 days. Currently, 2.0% of the shares of the company are sold short.

Direxion Daily Industrials Bull 3X Shares Stock Performance

NYSEARCA:DUSL traded up $3.61 during trading hours on Monday, reaching $94.03. The stock had a trading volume of 13,653 shares, compared to its average volume of 23,471. The stock has a 50 day simple moving average of $86.38 and a 200 day simple moving average of $82.07. Direxion Daily Industrials Bull 3X Shares has a 12-month low of $60.46 and a 12-month high of $100.94. The stock has a market cap of $56.42 million, a P/E ratio of 26.16 and a beta of 3.00.

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

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.