Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Short Interest Down 56.7% in September

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 26,600 shares, a decrease of 56.7% from the August 31st total of 61,400 shares. Based on an average trading volume of 174,200 shares, the days-to-cover ratio is currently 0.2 days. Based on an average trading volume of 174,200 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On Direxion Daily Healthcare Bull 3x Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in CURE. EverSource Wealth Advisors LLC grew 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 buying an additional 300 shares during the period. Simplex Trading LLC bought a new position in Direxion Daily Healthcare Bull 3x Shares during the second quarter worth about $28,000. Rovin Capital UT ADV lifted its holdings in Direxion Daily Healthcare Bull 3x Shares by 17.4% during the second quarter. Rovin Capital UT ADV now owns 2,700 shares of the company’s stock worth $213,000 after acquiring an additional 400 shares in the last quarter. Headlands Technologies LLC acquired a new position in Direxion Daily Healthcare Bull 3x Shares in the second quarter valued at about $34,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily Healthcare Bull 3x Shares by 6.8% in the second quarter. SBI Securities Co. Ltd. now owns 7,612 shares of the company’s stock worth $600,000 after acquiring an additional 484 shares in the last quarter.

Direxion Daily Healthcare Bull 3x Shares Price Performance

Direxion Daily Healthcare Bull 3x Shares stock opened at $93.70 on Friday. The company’s 50 day simple moving average is $78.75 and its 200 day simple moving average is $81.12. Direxion Daily Healthcare Bull 3x Shares has a fifty-two week low of $66.00 and a fifty-two week high of $134.62. The firm has a market capitalization of $196.77 million, a price-to-earnings ratio of 20.81 and a beta of 2.20.

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.