Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Trading Down 1.4% – Should You Sell?

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE)’s stock price were down 1.4% during mid-day trading on Thursday . The company traded as low as $86.00 and last traded at $86.89. Approximately 57,653 shares traded hands during mid-day trading, an increase of 8% from the average daily volume of 53,629 shares. The stock had previously closed at $88.15.

Direxion Daily Healthcare Bull 3x Shares Price Performance

The business’s 50 day moving average price is $95.65 and its 200-day moving average price is $104.47. The company has a market cap of $134.68 million, a P/E ratio of 20.81 and a beta of 1.72.

Institutional Trading of Direxion Daily Healthcare Bull 3x Shares

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings in shares of Direxion Daily Healthcare Bull 3x Shares by 1,649.0% in the third quarter. Tower Research Capital LLC TRC now owns 45,858 shares of the company’s stock valued at $3,830,000 after purchasing an additional 43,236 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the fourth quarter valued at approximately $1,578,000. IMC Chicago LLC acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the third quarter valued at approximately $848,000. Flow Traders U.S. LLC acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the third quarter valued at approximately $663,000. Finally, Group One Trading LLC acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the third quarter valued at approximately $245,000.

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.