Short Interest in Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) Drops By 37.4%

Direxion Daily Pharmaceutical & Medical Bull 3X Shares (NYSEARCA:PILL) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 54,164 shares, a decline of 37.4% from the December 31st total of 86,476 shares. Based on an average trading volume of 171,982 shares, the days-to-cover ratio is presently 0.3 days. Approximately 3.5% of the company’s shares are sold short. Approximately 3.5% of the company’s shares are sold short. Based on an average trading volume of 171,982 shares, the days-to-cover ratio is presently 0.3 days.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Stock Performance

Direxion Daily Pharmaceutical & Medical Bull 3X Shares stock opened at $11.88 on Friday. The company has a 50 day moving average price of $12.06 and a 200 day moving average price of $9.16. Direxion Daily Pharmaceutical & Medical Bull 3X Shares has a 52 week low of $3.62 and a 52 week high of $13.39. The firm has a market capitalization of $18.41 million, a price-to-earnings ratio of 10.33 and a beta of 1.78.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Company Profile

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.