Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Short Interest Up 23.0% in January

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 36,189 shares, a growth of 23.0% from the January 15th total of 29,414 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average daily volume of 65,854 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 65,854 shares, the short-interest ratio is presently 0.5 days. Approximately 2.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Simplex Trading LLC acquired a new position in shares of Direxion Daily Healthcare Bull 3x Shares during the second quarter valued at approximately $28,000. Rovin Capital UT ADV increased its position in shares of Direxion Daily Healthcare Bull 3x Shares by 17.4% during the 2nd quarter. Rovin Capital UT ADV now owns 2,700 shares of the company’s stock valued at $213,000 after purchasing an additional 400 shares during the period. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily Healthcare Bull 3x Shares by 6.8% during the 2nd quarter. SBI Securities Co. Ltd. now owns 7,612 shares of the company’s stock valued at $600,000 after purchasing an additional 484 shares during the period. EverSource Wealth Advisors LLC raised its stake 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 buying an additional 300 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the second quarter valued at $157,000.

Direxion Daily Healthcare Bull 3x Shares Stock Up 3.0%

Shares of NYSEARCA CURE opened at $115.42 on Tuesday. The stock has a market cap of $173.13 million, a P/E ratio of 20.81 and a beta of 1.91. The firm’s 50-day simple moving average is $112.85 and its 200 day simple moving average is $97.89. Direxion Daily Healthcare Bull 3x Shares has a fifty-two week low of $66.00 and a fifty-two week high of $123.80.

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.