Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) Sees Large Growth in Short Interest

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILLGet Free Report) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 37,987 shares, a growth of 77.9% from the July 15th total of 21,349 shares. Currently, 3.5% of the company’s shares are sold short. Based on an average trading volume of 63,906 shares, the days-to-cover ratio is currently 0.6 days.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Stock Down 3.6%

Shares of NYSEARCA PILL traded down $0.77 during midday trading on Monday, hitting $20.47. The stock had a trading volume of 14,593 shares, compared to its average volume of 87,831. Direxion Daily Pharmaceutical & Medical Bull 3X Shares has a 1-year low of $7.06 and a 1-year high of $21.33. The company has a market capitalization of $22.52 million, a price-to-earnings ratio of 10.33 and a beta of 1.72. The company has a fifty day moving average price of $17.83 and a 200 day moving average price of $13.93.

About Direxion Daily Pharmaceutical & Medical Bull 3X Shares

(Get Free Report)

The Direxion Daily Pharmaceutical & Medical Bull 3X Shares ETF (PILL) is an exchange-traded fund that is based on the S&P Pharmaceuticals Select Industry index. The fund provides 3x daily exposure to a modified equal-weighted index of pharmaceutical companies in the US. PILL was launched on Nov 15, 2017 and is managed by Direxion.

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