Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Short Interest Update

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) was the recipient of a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 34,437 shares, a growth of 104.9% from the December 15th total of 16,805 shares. Approximately 2.2% of the shares of the company are short sold. Based on an average daily volume of 45,474 shares, the days-to-cover ratio is currently 0.8 days. Based on an average daily volume of 45,474 shares, the days-to-cover ratio is currently 0.8 days. Approximately 2.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Direxion Daily Healthcare Bull 3x Shares

Several hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. lifted its position in shares of Direxion Daily Healthcare Bull 3x Shares by 6.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 7,612 shares of the company’s stock valued at $600,000 after buying an additional 484 shares in the last quarter. Rovin Capital UT ADV grew its stake in Direxion Daily Healthcare Bull 3x Shares by 17.4% during the 2nd quarter. Rovin Capital UT ADV now owns 2,700 shares of the company’s stock valued at $213,000 after acquiring an additional 400 shares in the last quarter. Simplex Trading LLC acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the 2nd quarter worth $28,000. IMC Chicago LLC acquired a new stake in Direxion Daily Healthcare Bull 3x Shares during the third quarter worth about $848,000. Finally, Onyx Bridge Wealth Group LLC purchased a new stake in shares of Direxion Daily Healthcare Bull 3x Shares during the 3rd quarter valued at approximately $206,000.

Direxion Daily Healthcare Bull 3x Shares Trading Down 1.9%

Shares of NYSEARCA:CURE traded down $2.15 on Friday, hitting $113.46. 28,890 shares of the company were exchanged, compared to its average volume of 61,911. Direxion Daily Healthcare Bull 3x Shares has a 1-year low of $66.00 and a 1-year high of $123.80. The firm has a market capitalization of $181.54 million, a P/E ratio of 20.81 and a beta of 1.91. The stock’s 50 day moving average price is $111.34 and its 200 day moving average price is $92.24.

Direxion Daily Healthcare Bull 3x Shares Company Profile

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.