Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE) Stock Price Down 0.6% – Time to Sell?

Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE)’s share price was down 0.6% on Tuesday. The stock traded as low as $122.87 and last traded at $125.85. Approximately 38,435 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 64,977 shares. The stock had previously closed at $126.65.

Direxion Daily Healthcare Bull 3X ETF Stock Down 0.6%

The company has a 50 day simple moving average of $130.92 and a 200-day simple moving average of $110.18. The stock has a market cap of $163.60 million, a price-to-earnings ratio of 20.81 and a beta of 1.63.

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

An institutional investor recently bought a new position in Direxion Daily Healthcare Bull 3X ETF stock. Virtu Financial LLC acquired a new position in Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 14,146 shares of the company’s stock, valued at approximately $1,578,000. Virtu Financial LLC owned 0.94% of Direxion Daily Healthcare Bull 3X ETF at the end of the most recent reporting period.

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.