Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL – Get Free Report) saw a significant decline in short interest in June. As of June 15th, there was short interest totaling 617,445 shares, a decline of 37.1% from the May 31st total of 981,623 shares. Currently, 4.8% of the shares of the stock are sold short. Based on an average daily volume of 1,747,132 shares, the days-to-cover ratio is currently 0.4 days.
Institutional Investors Weigh In On Direxion Daily Homebuilders & Supplies Bull 3x Shares
A number of hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. acquired a new stake in Direxion Daily Homebuilders & Supplies Bull 3x Shares in the 3rd quarter valued at about $558,000. Jump Financial LLC bought a new position in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares in the third quarter worth about $2,060,000. Finally, FNY Investment Advisers LLC acquired a new position in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares during the third quarter worth approximately $1,102,000.
Direxion Daily Homebuilders & Supplies Bull 3x Shares Price Performance
Shares of NAIL stock traded down $0.06 during trading hours on Thursday, hitting $48.19. 856,629 shares of the company’s stock were exchanged, compared to its average volume of 1,675,717. The stock’s 50-day moving average is $41.84 and its 200-day moving average is $50.38. The stock has a market cap of $679.48 million, a price-to-earnings ratio of 9.25 and a beta of 3.83. Direxion Daily Homebuilders & Supplies Bull 3x Shares has a 52 week low of $29.63 and a 52 week high of $99.01.
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.
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