Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Stock Price Down 2% – Here’s Why

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) were down 2% on Tuesday . The company traded as low as $104.50 and last traded at $104.91. Approximately 32,274 shares were traded during mid-day trading, a decline of 45% from the average daily volume of 59,152 shares. The stock had previously closed at $107.07.

Direxion Daily Healthcare Bull 3x Shares Price Performance

The company has a market cap of $157.37 million, a price-to-earnings ratio of 20.81 and a beta of 1.91. The company’s 50-day simple moving average is $113.54 and its 200-day simple moving average is $102.18.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Simplex Trading LLC acquired a new position in Direxion Daily Healthcare Bull 3x Shares in the 2nd quarter worth $28,000. SBI Securities Co. Ltd. grew its stake in shares of Direxion Daily Healthcare Bull 3x Shares by 6.8% during the second quarter. SBI Securities Co. Ltd. now owns 7,612 shares of the company’s stock valued at $600,000 after acquiring an additional 484 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake 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 acquiring an additional 300 shares in the last quarter. Qube Research & Technologies Ltd purchased a new stake in shares of Direxion Daily Healthcare Bull 3x Shares during the second quarter worth about $157,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Direxion Daily Healthcare Bull 3x Shares during the second quarter worth about $34,000.

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.