Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) Stock Price Down 4.9% – Time to Sell?

Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) shares fell 4.9% during trading on Thursday . The stock traded as low as $63.22 and last traded at $63.1060. 590,826 shares traded hands during mid-day trading, a decline of 35% from the average session volume of 905,864 shares. The stock had previously closed at $66.34.

Direxion Daily Homebuilders & Supplies Bull 3x Shares Stock Performance

The firm has a market capitalization of $652.81 million, a price-to-earnings ratio of 9.25 and a beta of 3.97. The firm has a fifty day moving average price of $61.89 and a 200 day moving average price of $63.97.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jump Financial LLC acquired a new position in Direxion Daily Homebuilders & Supplies Bull 3x Shares during the third quarter worth $2,060,000. JPMorgan Chase & Co. purchased a new position in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares in the third quarter valued at $558,000. Finally, Covestor Ltd purchased a new position in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares in the third quarter valued at $159,000.

Direxion Daily Homebuilders & Supplies Bull 3x Shares Company Profile

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.