Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE) Stock Price Down 0.6% – Time to Sell?

Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE) dropped 0.6% during trading on Tuesday. The stock traded as low as $122.87 and last traded at $125.85. 38,435 shares traded hands during mid-day trading, a decline of 41% from the average session volume of 64,977 shares. The stock had previously closed at $126.65.

Direxion Daily Healthcare Bull 3X ETF Trading Down 0.6%

The business’s 50-day moving average is $130.92 and its two-hundred day moving average is $110.18. The firm has a market cap of $163.60 million, a P/E ratio of 20.81 and a beta of 1.63.

Hedge Funds Weigh In On Direxion Daily Healthcare Bull 3X ETF

An institutional investor recently bought a new stake in Direxion Daily Healthcare Bull 3X ETF stock. Virtu Financial LLC bought a new stake in shares of Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,146 shares of the company’s stock, valued at approximately $1,578,000. Virtu Financial LLC owned about 0.94% of Direxion Daily Healthcare Bull 3X ETF at the end of the most recent quarter.

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.