Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL – Get Free Report) was the recipient of a large drop in short interest during the month of September. As of September 15th, there was short interest totaling 48,901 shares, a drop of 41.6% from the August 31st total of 83,714 shares. Currently, 3.5% of the company’s shares are sold short. Based on an average daily trading volume, of 156,095 shares, the days-to-cover ratio is presently 0.3 days.
Direxion Daily Utilities Bull 3X ETF Stock Up 1.9%
Shares of UTSL traded up $0.54 during mid-day trading on Thursday, hitting $29.64. 319,970 shares of the company’s stock traded hands, compared to its average volume of 137,751. The firm has a market capitalization of $51.87 million, a P/E ratio of 21.39 and a beta of 1.64. The business’s 50-day moving average price is $37.55 and its 200-day moving average price is $43.21. Direxion Daily Utilities Bull 3X ETF has a 1 year low of $28.21 and a 1 year high of $55.21.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Direxion Daily Utilities Bull 3X ETF stock. Virtu Financial LLC grew its stake in Direxion Daily Utilities Bull 3X ETF (NYSEARCA:UTSL – Free Report) by 208.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,201 shares of the company’s stock after purchasing an additional 19,725 shares during the quarter. Virtu Financial LLC owned about 2.43% of Direxion Daily Utilities Bull 3X ETF worth $1,184,000 at the end of the most recent quarter.
Direxion Daily Utilities Bull 3X ETF Company Profile
The Direxion Daily Utilities Bull 3X Shares (UTSL) is an exchange-traded fund that is based on the Utilities Select Sector index. The fund provides daily 3x exposure to a market-cap-weighted index of utility companies in the US. UTSL was launched on May 3, 2017 and is managed by Direxion.
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