Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) Short Interest Up 23.5% in December

Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 632,598 shares, an increase of 23.5% from the November 30th total of 512,199 shares. Currently, 6.1% of the company’s shares are short sold. Based on an average daily volume of 1,086,933 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 1,086,933 shares, the short-interest ratio is presently 0.6 days. Currently, 6.1% of the company’s shares are short sold.

Direxion Daily Homebuilders & Supplies Bull 3x Shares Price Performance

NYSEARCA NAIL traded down $1.25 on Wednesday, reaching $49.92. The company had a trading volume of 491,790 shares, compared to its average volume of 911,248. The firm has a market cap of $516.62 million, a price-to-earnings ratio of 9.25 and a beta of 3.97. Direxion Daily Homebuilders & Supplies Bull 3x Shares has a fifty-two week low of $39.85 and a fifty-two week high of $105.24. The business has a 50 day moving average of $57.20 and a two-hundred day moving average of $64.86.

Hedge Funds Weigh In On Direxion Daily Homebuilders & Supplies Bull 3x Shares

Hedge funds have recently made changes to their positions in the stock. Jump Financial LLC bought a new stake in Direxion Daily Homebuilders & Supplies Bull 3x Shares in the third quarter valued at approximately $2,060,000. FNY Investment Advisers LLC bought a new position in Direxion Daily Homebuilders & Supplies Bull 3x Shares during the 3rd quarter worth approximately $1,102,000. JPMorgan Chase & Co. acquired a new position in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares in the 3rd quarter worth approximately $558,000. Finally, Covestor Ltd acquired a new position in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares in the 3rd quarter worth approximately $159,000.

About Direxion Daily Homebuilders & Supplies Bull 3x Shares

The Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) is an exchange-traded fund that is based on the DJ US Select \u002F Home Construction index. The fund provides 3x daily leveraged bullish exposure to an index composed of US companies within the home construction sector. NAIL was launched on Aug 19, 2015 and is managed by Direxion.