Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE – Get Free Report) was the target of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 45,583 shares, a decline of 49.6% from the May 14th total of 90,530 shares. Based on an average daily volume of 92,958 shares, the short-interest ratio is currently 0.5 days. Currently, 2.9% of the shares of the company are short sold.
Direxion Daily Healthcare Bull 3x Shares Stock Performance
Direxion Daily Healthcare Bull 3x Shares stock opened at $102.36 on Friday. Direxion Daily Healthcare Bull 3x Shares has a fifty-two week low of $66.00 and a fifty-two week high of $123.80. The company has a market capitalization of $158.66 million, a P/E ratio of 20.81 and a beta of 1.72. The stock has a 50-day simple moving average of $92.31 and a 200-day simple moving average of $103.52.
Institutional Trading of Direxion Daily Healthcare Bull 3x Shares
Several institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its holdings in shares of Direxion Daily Healthcare Bull 3x Shares by 1,649.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 45,858 shares of the company’s stock valued at $3,830,000 after purchasing an additional 43,236 shares during the last quarter. Virtu Financial LLC purchased a new stake in Direxion Daily Healthcare Bull 3x Shares during the 4th quarter valued at approximately $1,578,000. Flow Traders U.S. LLC purchased a new stake in Direxion Daily Healthcare Bull 3x Shares during the 3rd quarter valued at approximately $663,000. Group One Trading LLC purchased a new stake in Direxion Daily Healthcare Bull 3x Shares during the 3rd quarter valued at approximately $245,000. Finally, Onyx Bridge Wealth Group LLC purchased a new stake in Direxion Daily Healthcare Bull 3x Shares during the 3rd quarter valued at approximately $206,000.
Direxion Daily Healthcare Bull 3x Shares 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.
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