Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) Sees Large Decrease in Short Interest

Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 617,445 shares, a decrease of 37.1% from the May 31st total of 981,623 shares. Based on an average trading volume of 1,747,132 shares, the short-interest ratio is presently 0.4 days. Approximately 4.8% of the shares of the stock are short sold.

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

Several institutional investors have recently added to or reduced their stakes in NAIL. Jump Financial LLC bought a new stake in Direxion Daily Homebuilders & Supplies Bull 3x Shares during the third quarter worth about $2,060,000. FNY Investment Advisers LLC acquired a new position in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares in the 3rd quarter worth approximately $1,102,000. Finally, 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.

Direxion Daily Homebuilders & Supplies Bull 3x Shares Stock Down 0.1%

Direxion Daily Homebuilders & Supplies Bull 3x Shares stock traded down $0.06 during mid-day trading on Thursday, hitting $48.19. 856,629 shares of the company were exchanged, compared to its average volume of 1,675,717. The business has a fifty day moving average of $41.84 and a 200 day moving average of $50.38. Direxion Daily Homebuilders & Supplies Bull 3x Shares has a 1-year low of $29.63 and a 1-year high of $99.01. The company has a market capitalization of $679.48 million, a PE ratio of 9.25 and a beta of 3.83.

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.