Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Trading Down 2% – Here’s Why

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) shares dropped 2% during mid-day trading on Tuesday . The stock traded as low as $104.50 and last traded at $104.91. Approximately 32,274 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 59,152 shares. The stock had previously closed at $107.07.

Direxion Daily Healthcare Bull 3x Shares Stock Performance

The stock has a market capitalization of $148.13 million, a price-to-earnings ratio of 20.81 and a beta of 1.91. The business has a fifty day simple moving average of $113.40 and a 200 day simple moving average of $102.20.

Hedge Funds Weigh In On Direxion Daily Healthcare Bull 3x Shares

A number of hedge funds have recently bought and sold shares of the business. IMC Chicago LLC bought a new stake in Direxion Daily Healthcare Bull 3x Shares in the 3rd quarter valued at about $848,000. SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily Healthcare Bull 3x Shares by 6.8% during the second quarter. SBI Securities Co. Ltd. now owns 7,612 shares of the company’s stock worth $600,000 after purchasing an additional 484 shares during the period. Simplex Trading LLC bought a new position in shares of Direxion Daily Healthcare Bull 3x Shares during the second quarter worth approximately $28,000. Onyx Bridge Wealth Group LLC acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the third quarter valued at approximately $206,000. Finally, Frazier Financial Advisors LLC acquired a new stake in Direxion Daily Healthcare Bull 3x Shares during the fourth quarter worth about $112,000.

About Direxion Daily Healthcare Bull 3x Shares

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.