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 November 15, 2024, UTSL stock price climbed to $36.74 with 154,859 million shares trading.

UTSL has a beta of 0.48, meaning it tends to be less sensitive to market movements. UTSL has a correlation of 0.02 to the broad based SPY ETF.

UTSL has a market cap of $53.27 million. This is considered a Micro Cap stock.

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

UTSL has outperformed the market in the last year with a return of +87.0%, while the SPY ETF gained +32.1%. In the last 3 month period, UTSL beat the market returning +18.7%, while SPY returned +8.0%. However, in the most recent 2 weeks UTSL has underperformed the stock market by returning -3.6%, while SPY returned +3.0%.

UTSL support price is $33.97 and resistance is $36.43 (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 shares will trade within this expected range on the day.