Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) Short Interest Update

Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totaling 617,445 shares, a drop of 37.1% from the May 31st total of 981,623 shares. Approximately 4.8% of the company’s shares are short sold. Based on an average daily volume of 1,747,132 shares, the days-to-cover ratio is currently 0.4 days.

Direxion Daily Homebuilders & Supplies Bull 3x Shares Price Performance

Shares of NYSEARCA:NAIL opened at $49.20 on Friday. Direxion Daily Homebuilders & Supplies Bull 3x Shares has a one year low of $29.63 and a one year high of $99.01. The company has a 50 day moving average of $41.82 and a 200-day moving average of $50.29. The stock has a market cap of $693.72 million, a price-to-earnings ratio of 9.25 and a beta of 3.83.

Institutional Trading of Direxion Daily Homebuilders & Supplies Bull 3x Shares

Institutional investors and hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. acquired a new stake in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares during the third quarter worth about $558,000. FNY Investment Advisers LLC acquired a new position in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares in the 3rd quarter valued at approximately $1,102,000. Finally, Jump Financial LLC acquired a new position in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares in the 3rd quarter valued at approximately $2,060,000.

About Direxion Daily Homebuilders & Supplies Bull 3x Shares

The Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) is an exchange-traded fund that is based on the DJ US Select \u002F Home Construction index. The fund provides 3x daily leveraged bullish exposure to an index composed of US companies within the home construction sector. NAIL was launched on Aug 19, 2015 and is managed by Direxion.