Short Interest in Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) Declines By 42.9%

Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) was the recipient of a significant decrease in short interest in December. As of December 31st, there was short interest totaling 361,142 shares, a decrease of 42.9% from the December 15th total of 632,598 shares. Approximately 3.3% of the company’s stock are sold short. Based on an average daily volume of 827,682 shares, the days-to-cover ratio is presently 0.4 days. Based on an average daily volume of 827,682 shares, the days-to-cover ratio is presently 0.4 days. Approximately 3.3% of the company’s stock are sold short.

Direxion Daily Homebuilders & Supplies Bull 3x Shares Stock Performance

NAIL stock traded down $2.66 during midday trading on Friday, reaching $68.34. 1,436,036 shares of the company were exchanged, compared to its average volume of 1,657,422. The company has a market cap of $693.65 million, a price-to-earnings ratio of 9.25 and a beta of 3.97. Direxion Daily Homebuilders & Supplies Bull 3x Shares has a 1-year low of $39.85 and a 1-year high of $105.24. The stock’s 50-day simple moving average is $57.09 and its 200 day simple moving average is $65.61.

Hedge Funds Weigh In On Direxion Daily Homebuilders & Supplies Bull 3x Shares

Several large investors have recently bought and sold shares of NAIL. Covestor Ltd acquired a new stake in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares during the third quarter worth about $159,000. FNY Investment Advisers LLC purchased a new position in Direxion Daily Homebuilders & Supplies Bull 3x Shares during the 3rd quarter worth approximately $1,102,000. JPMorgan Chase & Co. purchased a new position in Direxion Daily Homebuilders & Supplies Bull 3x Shares during the 3rd quarter worth approximately $558,000. Finally, Jump Financial LLC acquired a new position in Direxion Daily Homebuilders & Supplies Bull 3x Shares during the third quarter worth 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.