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

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) saw a large decrease in short interest in the month of May. As of May 29th, there was short interest totaling 45,583 shares, a decrease of 49.6% from the May 14th total of 90,530 shares. Approximately 2.9% of the company’s shares are short sold. Based on an average daily volume of 92,958 shares, the days-to-cover ratio is currently 0.5 days.

Direxion Daily Healthcare Bull 3x Shares Trading Down 0.6%

Shares of NYSEARCA:CURE traded down $0.57 during midday trading on Friday, hitting $102.36. The company had a trading volume of 59,955 shares, compared to its average volume of 63,640. Direxion Daily Healthcare Bull 3x Shares has a 12 month low of $66.00 and a 12 month high of $123.80. The firm has a fifty day simple moving average of $92.31 and a 200 day simple moving average of $103.45. The stock has a market cap of $158.66 million, a price-to-earnings ratio of 20.81 and a beta of 1.72.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Virtu Financial LLC bought a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the 4th quarter valued at about $1,578,000. Frazier Financial Advisors LLC bought a new position in Direxion Daily Healthcare Bull 3x Shares during the 4th quarter worth approximately $112,000. Flow Traders U.S. LLC acquired a new position in Direxion Daily Healthcare Bull 3x Shares during the third quarter valued at approximately $663,000. Tower Research Capital LLC TRC grew its holdings in 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 valued at $3,830,000 after purchasing an additional 43,236 shares during the period. Finally, Group One Trading LLC bought a new stake in Direxion Daily Healthcare Bull 3x Shares in the third quarter valued at approximately $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.