27-Sep-2024
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Direxion Daily Utilities Bull 3X Shares declares quarterly distribution of $0.0907
Seeking Alpha News (Tue, 24-Sep 12:13 PM ET)
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 September 27, 2024, UTSL stock price climbed to $39.55 with 322,196 million shares trading.
UTSL has a beta of 0.98, meaning it tends to be less sensitive to market movements. UTSL has a correlation of 0.07 to the broad based SPY ETF.
UTSL has a market cap of $65.26 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 price return of +112.0% while the SPY ETF gained +35.8%. UTSL has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +54.5% and +8.6%, respectively, while the SPY returned +4.9% and +2.0%, respectively.
UTSL support price is $37.35 and resistance is $39.35 (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.