Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Short Interest Down 74.3% in August

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) was the recipient of a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 10,599 shares, a drop of 74.3% from the July 30th total of 41,320 shares. Based on an average daily volume of 55,456 shares, the short-interest ratio is presently 0.2 days. Currently, 0.7% of the company’s shares are short sold.

Direxion Daily Healthcare Bull 3x Shares Trading Down 0.8%

CURE stock traded down $1.04 during trading on Friday, reaching $136.19. 47,430 shares of the stock were exchanged, compared to its average volume of 67,940. The firm has a market capitalization of $197.48 million, a price-to-earnings ratio of 20.81 and a beta of 1.66. The business has a 50 day moving average price of $122.51 and a 200-day moving average price of $106.29. Direxion Daily Healthcare Bull 3x Shares has a 1 year low of $74.34 and a 1 year high of $150.00.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Tucker Asset Management LLC acquired a new stake in Direxion Daily Healthcare Bull 3x Shares during the second quarter worth $33,000. EverSource Wealth Advisors LLC grew its holdings in shares of Direxion Daily Healthcare Bull 3x Shares by 16.2% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,150 shares of the company’s stock worth $169,000 after purchasing an additional 300 shares during the period. Headlands Technologies LLC purchased a new position in shares of Direxion Daily Healthcare Bull 3x Shares during the 2nd quarter worth $34,000. Frazier Financial Advisors LLC acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares during the 4th quarter worth about $112,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares during the 2nd quarter worth about $157,000.

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.