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

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

Direxion Daily Industrials Bull 3X Shares Trading Up 2.0%

DUSL traded up $1.65 during trading on Friday, hitting $83.30. 18,998 shares of the company traded hands, compared to its average volume of 23,785. The company has a market cap of $41.65 million, a PE ratio of 26.16 and a beta of 3.30. The stock’s 50-day simple moving average is $71.74 and its two-hundred day simple moving average is $72.52. Direxion Daily Industrials Bull 3X Shares has a 1 year low of $32.06 and a 1 year high of $83.76.

Direxion Daily Industrials Bull 3X Shares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were issued a $7.273 dividend. This represents a $29.09 annualized dividend and a dividend yield of 34.9%. This is a positive change from Direxion Daily Industrials Bull 3X Shares’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend 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 raised its position in shares of Direxion Daily Industrials Bull 3X Shares (NYSEARCA:DUSL) by 23.5% during 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 acquiring 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 filing with the Securities and Exchange Commission (SEC).

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.