Short Interest in Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Declines By 42.4%

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) was the recipient of a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 38,185 shares, a decrease of 42.4% from the June 30th total of 66,242 shares. Currently, 2.5% of the company’s stock are short sold. Based on an average daily volume of 87,915 shares, the short-interest ratio is presently 0.4 days.

Institutional Investors Weigh In On Direxion Daily Healthcare Bull 3x Shares

A number of hedge funds and other institutional investors have recently bought and sold shares of CURE. Virtu Financial LLC acquired a new position in Direxion Daily Healthcare Bull 3x Shares during the 4th quarter worth approximately $1,578,000. Frazier Financial Advisors LLC acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the fourth quarter valued at approximately $112,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the third quarter valued at approximately $663,000. Tower Research Capital LLC TRC lifted its position in shares of Direxion Daily Healthcare Bull 3x Shares by 1,649.0% in the third quarter. Tower Research Capital LLC TRC now owns 45,858 shares of the company’s stock worth $3,830,000 after purchasing an additional 43,236 shares in the last quarter. Finally, Group One Trading LLC bought a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the third quarter worth $245,000.

Direxion Daily Healthcare Bull 3x Shares Price Performance

CURE stock traded down $2.08 during trading hours on Friday, reaching $118.52. 66,772 shares of the stock were exchanged, compared to its average volume of 68,438. The firm’s 50-day moving average is $108.15 and its 200-day moving average is $103.57. Direxion Daily Healthcare Bull 3x Shares has a 12 month low of $66.00 and a 12 month high of $132.00. The company has a market cap of $177.78 million, a price-to-earnings ratio of 20.81 and a beta of 1.67.

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.