Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE – Get Free Report) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 20,634 shares, a growth of 94.7% from the August 15th total of 10,599 shares. Based on an average daily volume of 72,569 shares, the short-interest ratio is currently 0.3 days. Currently, 1.4% of the shares of the company are sold short.
Direxion Daily Healthcare Bull 3X ETF Price Performance
NYSEARCA CURE traded up $0.22 during trading on Wednesday, reaching $127.08. 20,017 shares of the company’s stock were exchanged, compared to its average volume of 66,981. The business has a 50 day moving average price of $126.99 and a 200-day moving average price of $107.68. The stock has a market capitalization of $134.70 million, a P/E ratio of 20.81 and a beta of 1.67. Direxion Daily Healthcare Bull 3X ETF has a fifty-two week low of $74.34 and a fifty-two week high of $150.00.
Hedge Funds Weigh In On Direxion Daily Healthcare Bull 3X ETF
Several large investors have recently modified their holdings of CURE. Virtu Financial LLC bought a new stake in shares of Direxion Daily Healthcare Bull 3X ETF during the 4th quarter worth about $1,578,000. Frazier Financial Advisors LLC bought a new stake in shares of Direxion Daily Healthcare Bull 3X ETF during the fourth quarter worth approximately $112,000. Finally, Tucker Asset Management LLC bought a new stake in shares of Direxion Daily Healthcare Bull 3X ETF during the second quarter worth approximately $33,000.
Direxion Daily Healthcare Bull 3X ETF 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.
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