25-Jun-2024
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Direxion Daily Utilities Bull 3X Shares declares quarterly distribution of $0.1757
Seeking Alpha News (Tue, 25-Jun 10:12 AM 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 June 25, 2024, UTSL stock price declined to $25.82 with 204,139 million shares trading.
UTSL has a beta of 1.24, meaning it tends to be more sensitive to market movements. UTSL has a correlation of 0.08 to the broad based SPY ETF.
UTSL has a market cap of $33.57 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 has underperformed the market in the last year with a price return of +6.6% while the SPY ETF gained +27.3%. However, in the short term, UTSL had mixed performance relative to the market. It has outperformed in the last 3 months, returning +21.7% vs +5.2% return in SPY. But in the last 2 weeks, UTSL shares have been beat by the market, returning -4.0% compared to an SPY return of +1.8%.
UTSL support price is $25.68 and resistance is $27.37 (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.