Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Short Interest Down 49.6% in May

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 45,583 shares, a decline of 49.6% from the May 14th total of 90,530 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average daily volume of 92,958 shares, the short-interest ratio is presently 0.5 days.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its stake in Direxion Daily Healthcare Bull 3x Shares by 1,649.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 45,858 shares of the company’s stock valued at $3,830,000 after acquiring an additional 43,236 shares during the period. Virtu Financial LLC bought a new position in shares of Direxion Daily Healthcare Bull 3x Shares in the 4th quarter worth approximately $1,578,000. Flow Traders U.S. LLC bought a new position in shares of Direxion Daily Healthcare Bull 3x Shares in the 3rd quarter worth approximately $663,000. Group One Trading LLC purchased a new stake in Direxion Daily Healthcare Bull 3x Shares in the 3rd quarter worth approximately $245,000. Finally, Onyx Bridge Wealth Group LLC purchased a new stake in Direxion Daily Healthcare Bull 3x Shares in the 3rd quarter worth approximately $206,000.

Direxion Daily Healthcare Bull 3x Shares Price Performance

Direxion Daily Healthcare Bull 3x Shares stock traded down $1.85 during mid-day trading on Monday, reaching $100.51. The stock had a trading volume of 105,038 shares, compared to its average volume of 64,007. The company has a market capitalization of $155.79 million, a price-to-earnings ratio of 20.81 and a beta of 1.72. The company has a 50-day moving average price of $92.48 and a two-hundred day moving average price of $103.31. Direxion Daily Healthcare Bull 3x Shares has a one year low of $66.00 and a one year high of $123.80.

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.