UTSL Stock Summary and Trading Ideas (Direxion Daily Utilities Bull 3X | ARCA:UTSL)

The Direxion Daily Utilities Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the Utilities Select Sector Index. The Utilities Select Sector Index (IXUTR) is provided by S&P Dow Jones Indices and includes domestic companies from the utilities sector which includes the following industries: electric utilities; multi-utilities; water utilities; independent power producers and energy trades; and gas utilities.

Direxion Daily Utilities Bull 3X trades on the ARCA stock market under the symbol UTSL.

As of April 19, 2024, UTSL stock price climbed to $21.57 with 15,846 million shares trading.

UTSL has a beta of 1.37, meaning it tends to be more sensitive to market movements. UTSL has a correlation of 0.10 to the broad based SPY ETF.

UTSL has a market cap of $38.83 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, UTSL stock traded as high as $49.54 and as low as $14.11.

UTSL stock has underperformed the market in the last year with a return of -26.0%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in UTSL shares. However, UTSL has outperformed the market in the last 3 month and 2 week periods, returning +15.9% and -2.0%, while SPY returned +5.2% and -2.6%, respectively. This indicates UTSL has been having a stronger performance recently.

UTSL support price is $20.55 and resistance is $21.99 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UTSL stock will trade within this expected range on the day.