Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Stock Price Up 3.9% – What’s Next?

Shares of Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) shot up 3.9% during trading on Thursday . The stock traded as high as $98.30 and last traded at $97.35. 120,984 shares were traded during mid-day trading, an increase of 103% from the average session volume of 59,630 shares. The stock had previously closed at $93.74.

Direxion Daily Healthcare Bull 3x Shares Trading Up 3.9%

The company has a 50 day moving average of $90.61 and a 200 day moving average of $104.15. The firm has a market cap of $150.89 million, a price-to-earnings ratio of 20.81 and a beta of 1.72.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its stake 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 worth $3,830,000 after purchasing an additional 43,236 shares in the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily Healthcare Bull 3x Shares in the fourth quarter worth $1,578,000. IMC Chicago LLC acquired a new position in Direxion Daily Healthcare Bull 3x Shares in the third quarter worth $848,000. Flow Traders U.S. LLC acquired a new position in Direxion Daily Healthcare Bull 3x Shares in the third quarter worth $663,000. Finally, Group One Trading LLC acquired a new position in Direxion Daily Healthcare Bull 3x Shares in the third quarter worth $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.