Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) Short Interest Update

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

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily Industrials Bull 3X Shares stock. EverSource Wealth Advisors LLC grew its stake in Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,100 shares of the company’s stock after purchasing 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 reporting period.

Direxion Daily Industrials Bull 3X Shares Stock Performance

NYSEARCA DUSL traded up $1.95 during trading on Tuesday, reaching $95.21. The company’s stock had a trading volume of 10,486 shares, compared to its average volume of 26,365. The business’s fifty day moving average price is $77.72 and its 200-day moving average price is $74.41. Direxion Daily Industrials Bull 3X Shares has a twelve month low of $32.06 and a twelve month high of $99.17. The firm has a market cap of $47.60 million, a price-to-earnings ratio of 26.16 and a beta of 3.30.

Direxion Daily Industrials Bull 3X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were given a $7.273 dividend. 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. This represents a $29.09 annualized dividend and a yield of 30.6%.

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.