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 large decrease in short interest in January. As of January 15th, there was short interest totaling 54,164 shares, a decrease of 37.4% from the December 31st total of 86,476 shares. Based on an average daily volume of 171,982 shares, the short-interest ratio is presently 0.3 days. Currently, 3.5% of the shares of the stock are short sold. Currently, 3.5% of the shares of the stock are short sold. Based on an average daily volume of 171,982 shares, the short-interest ratio is presently 0.3 days.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares Trading Up 1.5%

Shares of PILL stock opened at $11.88 on Friday. The firm has a market capitalization of $18.41 million, a price-to-earnings ratio of 10.33 and a beta of 1.78. The business’s 50-day moving average price is $12.06 and its 200-day moving average price is $9.16. Direxion Daily Pharmaceutical & Medical Bull 3X Shares has a 12 month low of $3.62 and a 12 month high of $13.39.

About Direxion Daily Pharmaceutical & Medical Bull 3X Shares

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.