Direxion Daily Pharmaceutical & Medical Bull 3X Shares (PILL) Short Interest Ratio & Short Volume

Short interest is the volume of Direxion Daily Pharmaceutical & Medical Bull 3X Shares shares that have been sold short but have not yet been covered or closed out. As of April 30th, investors have sold 49,900 shares of PILL short. Learn More on Direxion Daily Pharmaceutical & Medical Bull 3X Shares' current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. PILL shares currently have a short interest ratio of 1.0. Learn More on Direxion Daily Pharmaceutical & Medical Bull 3X Shares's short interest ratio.

Direxion Daily Pharmaceutical & Medical Bull 3X Shares saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 49,900 shares, an increase of 8.2% from the previous total of 46,100 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to Direxion Daily Pharmaceutical & Medical Bull 3X Shares: JPMorgan Healthcare Leaders ETF (0.20%), Virtus LifeSci Biotech Clinical Trials ETF (2.06%), Langar Global HealthTech ETF (0.91%), ProShares UltraShort Nasdaq Biotechnology (4.77%), Global X Health Care Covered Call & Growth ETF (2.64%), ProShares UltraShort Health Care (3.87%), Harbor Health Care ETF (0.52%), First Trust Nasdaq Pharmaceuticals ETF (1.35%), Virtus LifeSci Biotech Products ETF (1.70%), Invesco Nasdaq Biotechnology ETF (0.29%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Spotify Technology ($4.67 billion), Charter Communications, Inc. ($4.58 billion), Capital One Financial Corporation ($4.47 billion), The Kroger Co. ($2.56 billion), Reddit Inc. ($2.23 billion), Rivian Automotive, Inc. ($2.16 billion), Live Nation Entertainment, Inc. ($1.90 billion), SoFi Technologies, Inc. ($1.85 billion), Zscaler, Inc. ($1.75 billion), and Omnicom Group Inc. ($1.75 billion). View all of the most shorted stocks.

Short selling PILL is an investing strategy that aims to generate trading profit from Direxion Daily Pharmaceutical & Medical Bull 3X Shares as its price is falling. PILL shares are trading up $0.02 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for Direxion Daily Pharmaceutical & Medical Bull 3X Shares occurs when it has a large amount of short interest and its stock increases in price. This forces short sellers to cover their short interest positions by buying actual shares of PILL, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including PILL, twice per month. The most recent reporting period available is April, 30 2025.