Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE – Get Free Report)’s share price rose 3.9% during mid-day trading on Thursday . The stock traded as high as $98.30 and last traded at $97.35. Approximately 120,984 shares changed hands during trading, an increase of 103% from the average daily volume of 59,630 shares. The stock had previously closed at $93.74.
Direxion Daily Healthcare Bull 3x Shares Stock Performance
The company has a market capitalization of $147.00 million, a PE ratio of 20.81 and a beta of 1.72. The company’s 50-day simple moving average is $90.65 and its 200-day simple moving average is $104.09.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Virtu Financial LLC purchased a new position in Direxion Daily Healthcare Bull 3x Shares during the 4th quarter worth $1,578,000. Frazier Financial Advisors LLC purchased a new position in Direxion Daily Healthcare Bull 3x Shares during the 4th quarter worth $112,000. Flow Traders U.S. LLC purchased a new position in Direxion Daily Healthcare Bull 3x Shares during the 3rd quarter worth $663,000. Tower Research Capital LLC TRC grew its position in Direxion Daily Healthcare Bull 3x Shares by 1,649.0% during the 3rd 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 during the last quarter. Finally, Group One Trading LLC purchased a new position in Direxion Daily Healthcare Bull 3x Shares during the 3rd 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.
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