Is Buying Direxion Shares Etf Trust (NYSEARCA:DUST), Having Higher Short Interest a Winning Strategy?

September 17, 2017 - By Migdalia James

 Is Buying Direxion Shares Etf Trust (NYSEARCA:DUST), Having Higher Short Interest a Winning Strategy?

The stock of Direxion Shares Etf Trust (NYSEARCA:DUST) registered an increase of 76.39% in short interest. DUST’s total short interest was 5.69 million shares in September as published by FINRA. Its up 76.39% from 3.22 million shares, reported previously. With 8.00M shares average volume, it will take short sellers 1 days to cover their DUST’s short positions.

The stock increased 2.93% or $0.64 on September 15, reaching $22.48. About 2.01 million shares traded or Infinity% up from the average. Direxion Shares Exchange Traded Fund Trust (NYSEARCA:DUST) has declined 60.29% since September 17, 2016 and is downtrending. It has underperformed by 76.99% the S&P500.

More notable recent Direxion Shares Exchange Traded Fund Trust (NYSEARCA:DUST) news were published by: Investorplace.com which released: “Direxion Shares Exchange Traded Fund Trust (NUGT): The Quick Guide to NUGT” on March 15, 2017, also Marketnewscall.com with their article: “Direxion Shares Exchange Traded Fund Trust (NYSEARCA:JDST) Gains Momentum, Our …” published on September 13, 2017, Investorplace.com published: “Direxion Shares Exchange Traded Fund Trust (NUGT): Free Profits!” on February 24, 2017. More interesting news about Direxion Shares Exchange Traded Fund Trust (NYSEARCA:DUST) were released by: Investorplace.com and their article: “Direxion Shares Exchange Traded Fund Trust (JDST): The Quick Guide to JDST” published on September 14, 2017 as well as Investorplace.com‘s news article titled: “Direxion Shares Exchange Traded Fund Trust (DUST): The Quick Guide to DUST” with publication date: March 22, 2017.

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