Short Interest in Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE) Expands By 94.7%

Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 20,634 shares, an increase of 94.7% from the August 15th total of 10,599 shares. Currently, 1.4% of the company’s shares are short sold. Based on an average daily trading volume, of 72,569 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On Direxion Daily Healthcare Bull 3X ETF

Several hedge funds have recently modified their holdings of the stock. Tucker Asset Management LLC acquired a new stake in Direxion Daily Healthcare Bull 3X ETF in the second quarter valued at $33,000. Frazier Financial Advisors LLC acquired a new position in Direxion Daily Healthcare Bull 3X ETF in the fourth quarter worth about $112,000. Finally, Virtu Financial LLC bought a new stake in Direxion Daily Healthcare Bull 3X ETF in the fourth quarter valued at about $1,578,000.

Direxion Daily Healthcare Bull 3X ETF Stock Performance

Direxion Daily Healthcare Bull 3X ETF stock traded up $0.50 during trading on Tuesday, hitting $127.50. The company’s stock had a trading volume of 29,669 shares, compared to its average volume of 67,189. The stock’s fifty day moving average is $126.94 and its 200 day moving average is $107.60. Direxion Daily Healthcare Bull 3X ETF has a 1-year low of $74.34 and a 1-year high of $150.00. The stock has a market capitalization of $184.87 million, a price-to-earnings ratio of 20.81 and a beta of 1.67.

About Direxion Daily Healthcare Bull 3X ETF

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.