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

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

Direxion Daily Healthcare Bull 3x Shares Stock Down 4.7%

Shares of CURE stock traded down $5.92 during trading hours on Thursday, reaching $120.60. 107,863 shares of the company’s stock were exchanged, compared to its average volume of 68,448. Direxion Daily Healthcare Bull 3x Shares has a fifty-two week low of $66.00 and a fifty-two week high of $132.00. The stock has a market capitalization of $180.90 million, a P/E ratio of 20.81 and a beta of 1.67. The business has a fifty day moving average price of $107.70 and a 200-day moving average price of $103.47.

Hedge Funds Weigh In On Direxion Daily Healthcare Bull 3x Shares

Large investors have recently bought and sold shares of the stock. Headlands Technologies LLC bought a new stake in Direxion Daily Healthcare Bull 3x Shares in the 2nd quarter valued at $34,000. Frazier Financial Advisors LLC acquired a new position in shares of Direxion Daily Healthcare Bull 3x Shares during the fourth quarter valued at about $112,000. Qube Research & Technologies Ltd acquired a new position in shares of Direxion Daily Healthcare Bull 3x Shares during the second quarter valued at about $157,000. EverSource Wealth Advisors LLC raised its position in shares of Direxion Daily Healthcare Bull 3x Shares by 16.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,150 shares of the company’s stock valued at $169,000 after buying an additional 300 shares during 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 valued at about $245,000.

About Direxion Daily Healthcare Bull 3x Shares

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.