Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Trading Up 5.7% – What’s Next?

Shares of Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) rose 5.7% during trading on Tuesday . The stock traded as high as $91.91 and last traded at $91.57. Approximately 47,917 shares traded hands during trading, a decline of 11% from the average daily volume of 54,071 shares. The stock had previously closed at $86.64.

Direxion Daily Healthcare Bull 3x Shares Stock Performance

The stock has a market capitalization of $137.36 million, a PE ratio of 20.81 and a beta of 1.91. The firm has a 50 day moving average of $106.93 and a 200-day moving average of $103.47.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CURE. EverSource Wealth Advisors LLC boosted its position 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 valued at $169,000 after acquiring an additional 300 shares in the last quarter. Headlands Technologies LLC bought a new position in Direxion Daily Healthcare Bull 3x Shares during the second quarter worth about $34,000. Frazier Financial Advisors LLC acquired a new stake in Direxion Daily Healthcare Bull 3x Shares during the fourth quarter valued at approximately $112,000. Qube Research & Technologies Ltd bought a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the 2nd quarter valued at approximately $157,000. Finally, Onyx Bridge Wealth Group LLC acquired a new position in shares of Direxion Daily Healthcare Bull 3x Shares in the 3rd quarter worth approximately $206,000.

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.