Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE) Short Interest Update

Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE) was the recipient of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 20,634 shares, an increase of 94.7% from the August 15th total of 10,599 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 72,569 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Tucker Asset Management LLC bought a new position in Direxion Daily Healthcare Bull 3X ETF during the 2nd quarter valued at $33,000. Frazier Financial Advisors LLC bought a new stake in shares of Direxion Daily Healthcare Bull 3X ETF in the 4th quarter worth $112,000. Finally, Virtu Financial LLC bought a new position in Direxion Daily Healthcare Bull 3X ETF during the fourth quarter valued at about $1,578,000.

Direxion Daily Healthcare Bull 3X ETF Stock Up 0.4%

CURE stock traded up $0.50 during mid-day trading on Tuesday, reaching $127.50. The company had a trading volume of 29,669 shares, compared to its average volume of 67,189. Direxion Daily Healthcare Bull 3X ETF has a one year low of $74.34 and a one year high of $150.00. The stock has a market capitalization of $184.87 million, a P/E ratio of 20.81 and a beta of 1.67. The stock’s 50-day simple moving average is $126.94 and its two-hundred day simple moving average is $107.60.

Direxion Daily Healthcare Bull 3X ETF Company Profile

The Direxion Daily Healthcare Bull 3X Shares (CURE) is an exchange-traded fund that is based on the Health Care Select Sector index. The fund provides 3x levered exposure to a market cap weighted sub-index of the S&P 500 that tracks the performance of US listed health care companies. CURE was launched on Jun 15, 2011 and is managed by Direxion.