Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Sees Large Decrease in Short Interest

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) was the target of a significant decrease in short interest in the month of January. As of January 15th, there was short interest totaling 29,414 shares, a decrease of 14.6% from the December 31st total of 34,437 shares. Based on an average trading volume of 65,612 shares, the days-to-cover ratio is presently 0.4 days. Currently, 1.8% of the company’s shares are sold short. Currently, 1.8% of the company’s shares are sold short. Based on an average trading volume of 65,612 shares, the days-to-cover ratio is presently 0.4 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of the business. Simplex Trading LLC bought a new position in Direxion Daily Healthcare Bull 3x Shares in the second quarter valued at approximately $28,000. Headlands Technologies LLC acquired a new position in shares of Direxion Daily Healthcare Bull 3x Shares in the 2nd quarter valued at $34,000. Qube Research & Technologies Ltd acquired a new position in shares of Direxion Daily Healthcare Bull 3x Shares in the 2nd quarter valued at $157,000. EverSource Wealth Advisors LLC boosted its position 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 worth $169,000 after purchasing an additional 300 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares during the third quarter worth $206,000.

Direxion Daily Healthcare Bull 3x Shares Stock Down 3.0%

Shares of CURE stock opened at $108.38 on Wednesday. The firm has a market cap of $167.99 million, a price-to-earnings ratio of 20.81 and a beta of 1.91. Direxion Daily Healthcare Bull 3x Shares has a 12 month low of $66.00 and a 12 month high of $123.80. The stock has a 50-day moving average price of $112.85 and a 200 day moving average price of $95.59.

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.