Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Sees Large Decrease in Short Interest

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) saw a significant decline in short interest during the month of July. As of July 15th, there was short interest totaling 38,185 shares, a decline of 42.4% from the June 30th total of 66,242 shares. Currently, 2.5% of the company’s shares are short sold. Based on an average daily trading volume, of 87,915 shares, the short-interest ratio is presently 0.4 days.

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

A number of hedge funds have recently modified their holdings of CURE. Tower Research Capital LLC TRC grew its holdings in shares of 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 valued at $3,830,000 after purchasing an additional 43,236 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Healthcare Bull 3x Shares during the fourth quarter worth $1,578,000. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily Healthcare Bull 3x Shares during the third quarter worth $663,000. Group One Trading LLC acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the third quarter valued at $245,000. Finally, Qube Research & Technologies Ltd purchased a new position in Direxion Daily Healthcare Bull 3x Shares in the second quarter valued at $157,000.

Direxion Daily Healthcare Bull 3x Shares Price Performance

Shares of CURE stock traded down $0.33 during trading on Wednesday, hitting $129.05. 46,728 shares of the stock traded hands, compared to its average volume of 67,776. The firm has a market capitalization of $193.58 million, a P/E ratio of 20.81 and a beta of 1.67. The firm’s fifty day moving average price is $106.41 and its 200-day moving average price is $103.38. Direxion Daily Healthcare Bull 3x Shares has a 52-week low of $66.00 and a 52-week high of $132.00.

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.