Short Interest in Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Drops By 42.4%

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) was the target of a significant decline in short interest in July. As of July 15th, there was short interest totaling 38,185 shares, a decline of 42.4% from the June 30th total of 66,242 shares. Based on an average daily trading volume, of 87,915 shares, the days-to-cover ratio is currently 0.4 days. Approximately 2.5% of the company’s stock are sold short.

Direxion Daily Healthcare Bull 3x Shares Trading Down 0.3%

NYSEARCA:CURE traded down $0.33 during mid-day trading on Wednesday, hitting $129.05. The stock had a trading volume of 46,728 shares, compared to its average volume of 67,776. Direxion Daily Healthcare Bull 3x Shares has a twelve month low of $66.00 and a twelve month high of $132.00. The company has a market capitalization of $193.58 million, a PE ratio of 20.81 and a beta of 1.67. The stock has a 50-day simple moving average of $106.41 and a two-hundred day simple moving average of $103.38.

Institutional Investors Weigh In On Direxion Daily Healthcare Bull 3x Shares

Several institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC increased its holdings in shares of Direxion Daily Healthcare Bull 3x Shares by 16.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,150 shares of the company’s stock valued at $169,000 after acquiring an additional 300 shares during the period. Headlands Technologies LLC purchased a new stake in Direxion Daily Healthcare Bull 3x Shares in the 2nd quarter valued at $34,000. Frazier Financial Advisors LLC acquired a new stake in Direxion Daily Healthcare Bull 3x Shares during the 4th quarter worth $112,000. Qube Research & Technologies Ltd acquired a new stake in Direxion Daily Healthcare Bull 3x Shares during the 2nd quarter worth $157,000. Finally, Group One Trading LLC purchased a new position in Direxion Daily Healthcare Bull 3x Shares during the 3rd quarter worth $245,000.

About Direxion Daily Healthcare Bull 3x Shares

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.