Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL – Get Free Report) saw a large growth in short interest in the month of May. As of May 31st, there was short interest totalling 519,100 shares, a growth of 49.0% from the May 15th total of 348,300 shares. Based on an average daily trading volume, of 453,300 shares, the days-to-cover ratio is presently 1.1 days. Approximately 10.4% of the company’s shares are short sold.
Direxion Daily Homebuilders & Supplies Bull 3x Shares Price Performance
NYSEARCA NAIL opened at $44.63 on Wednesday. Direxion Daily Homebuilders & Supplies Bull 3x Shares has a one year low of $39.85 and a one year high of $178.00. The firm has a market cap of $223.15 million, a P/E ratio of 9.25 and a beta of 3.99. The stock’s 50-day moving average is $51.03 and its 200-day moving average is $72.28.
Institutional Trading of Direxion Daily Homebuilders & Supplies Bull 3x Shares
An institutional investor recently raised its position in Direxion Daily Homebuilders & Supplies Bull 3x Shares stock. Hollencrest Capital Management lifted its stake in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL – Free Report) by 720.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 328 shares of the company’s stock after acquiring an additional 288 shares during the period. Hollencrest Capital Management’s holdings in Direxion Daily Homebuilders & Supplies Bull 3x Shares were worth $28,000 at the end of the most recent quarter.
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.
Further Reading
- Five stocks we like better than Direxion Daily Homebuilders & Supplies Bull 3x Shares
- 3 Natural Gas Stocks That Offer Great Dividend Yields
- Analyst Downgrades Joby, But Overlooks Major Regulatory Wins
- Low PE Growth Stocks: Unlocking Investment Opportunities
- U.S. Steel Stock Burns the Bears With Surprise Upside Move
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Lululemon, UNH, Enphase: Bad News, Good Opportunity?
Receive News & Ratings for Direxion Daily Homebuilders & Supplies Bull 3x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily Homebuilders & Supplies Bull 3x Shares and related companies with MarketBeat.com's FREE daily email newsletter.
