Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Shares Down 1.4% – Here’s What Happened

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CUREGet Free Report) shares dropped 1.4% on Thursday . The company traded as low as $86.00 and last traded at $86.89. Approximately 57,653 shares were traded during trading, an increase of 8% from the average daily volume of 53,629 shares. The stock had previously closed at $88.15.

Direxion Daily Healthcare Bull 3x Shares Trading Down 2.5%

The stock has a market cap of $131.27 million, a PE ratio of 20.81 and a beta of 1.72. The company’s 50 day moving average is $95.65 and its 200-day moving average is $104.47.

Institutional Trading of Direxion Daily Healthcare Bull 3x Shares

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in 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 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 worth approximately $1,578,000. IMC Chicago LLC acquired a new position in shares of Direxion Daily Healthcare Bull 3x Shares in the 3rd quarter valued at approximately $848,000. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily Healthcare Bull 3x Shares in the 3rd quarter valued at approximately $663,000. Finally, Group One Trading LLC purchased a new position in shares of Direxion Daily Healthcare Bull 3x Shares during the 3rd quarter valued at approximately $245,000.

About Direxion Daily Healthcare Bull 3x Shares

(Get Free Report)

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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