Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) Sees Significant Decline in Short Interest

Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) saw a significant drop in short interest in 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. Based on an average daily trading volume, of 1,747,132 shares, the short-interest ratio is presently 0.4 days. Approximately 4.8% of the shares of the stock are short sold.

Direxion Daily Homebuilders & Supplies Bull 3x Shares Stock Performance

NYSEARCA:NAIL remained flat at $49.20 during trading hours on Friday. The company had a trading volume of 978,784 shares, compared to its average volume of 1,676,924. Direxion Daily Homebuilders & Supplies Bull 3x Shares has a 12 month low of $29.63 and a 12 month high of $99.01. The company has a 50 day moving average of $41.82 and a two-hundred day moving average of $50.30. The company has a market cap of $693.72 million, a price-to-earnings ratio of 9.25 and a beta of 3.83.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. FNY Investment Advisers LLC bought a new position in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares in the 3rd quarter worth $1,102,000. JPMorgan Chase & Co. bought a new position in Direxion Daily Homebuilders & Supplies Bull 3x Shares in the third quarter valued at $558,000. Finally, Jump Financial LLC bought a new position in Direxion Daily Homebuilders & Supplies Bull 3x Shares in the third quarter valued at $2,060,000.

Direxion Daily Homebuilders & Supplies Bull 3x Shares Company Profile

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.