Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Stock Price Down 2% – Here’s Why

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE)’s share price traded down 2% on Tuesday . The company traded as low as $104.50 and last traded at $104.91. 32,274 shares changed hands during trading, a decline of 45% from the average session volume of 59,152 shares. The stock had previously closed at $107.07.

Direxion Daily Healthcare Bull 3x Shares Stock Down 2.0%

The firm has a market cap of $157.37 million, a price-to-earnings ratio of 20.81 and a beta of 1.91. The firm has a fifty day moving average price of $113.54 and a 200-day moving average price of $102.18.

Institutional Trading of Direxion Daily Healthcare Bull 3x Shares

Hedge funds have recently added to or reduced their stakes in the business. Simplex Trading LLC purchased a new stake in Direxion Daily Healthcare Bull 3x Shares in the 2nd quarter valued at about $28,000. Headlands Technologies LLC purchased a new position in shares of Direxion Daily Healthcare Bull 3x Shares during the 2nd quarter worth about $34,000. Frazier Financial Advisors LLC acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the fourth quarter worth approximately $112,000. Qube Research & Technologies Ltd acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the second quarter worth approximately $157,000. Finally, EverSource Wealth Advisors LLC grew its holdings in Direxion Daily Healthcare Bull 3x Shares by 16.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,150 shares of the company’s stock valued at $169,000 after purchasing an additional 300 shares during the period.

Direxion Daily Healthcare Bull 3x Shares 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.