Short Interest in Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Decreases By 74.3%

by · The Markets Daily

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 10,599 shares, a decline of 74.3% from the July 30th total of 41,320 shares. Currently, 0.7% of the company’s shares are short sold. Based on an average daily volume of 55,456 shares, the days-to-cover ratio is presently 0.2 days.

Direxion Daily Healthcare Bull 3x Shares Stock Down 0.8%

CURE stock traded down $1.04 during midday trading on Friday, reaching $136.19. The company’s stock had a trading volume of 47,135 shares, compared to its average volume of 67,937. Direxion Daily Healthcare Bull 3x Shares has a 52 week low of $74.34 and a 52 week high of $150.00. The stock has a market cap of $197.48 million, a PE ratio of 20.81 and a beta of 1.66. The business’s 50-day simple moving average is $121.66 and its 200-day simple moving average is $106.08.

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

Several institutional investors and hedge funds have recently made changes to their positions in CURE. EverSource Wealth Advisors LLC lifted its holdings in shares of Direxion Daily Healthcare Bull 3x Shares by 16.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,150 shares of the company’s stock valued at $169,000 after purchasing an additional 300 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of Direxion Daily Healthcare Bull 3x Shares in the second quarter valued at approximately $157,000. Headlands Technologies LLC acquired a new position in shares of Direxion Daily Healthcare Bull 3x Shares in the second quarter valued at approximately $34,000. Group One Trading LLC bought a new stake in shares of Direxion Daily Healthcare Bull 3x Shares during the third quarter worth $245,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Direxion Daily Healthcare Bull 3x Shares by 1,649.0% during the third quarter. Tower Research Capital LLC TRC now owns 45,858 shares of the company’s stock worth $3,830,000 after acquiring an additional 43,236 shares in the last quarter.

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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