Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Trading 0.9% Higher – Time to Buy?

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE)’s share price traded up 0.9% during mid-day trading on Monday . The stock traded as high as $119.00 and last traded at $117.27. 53,168 shares traded hands during trading, a decline of 22% from the average session volume of 68,237 shares. The stock had previously closed at $116.22.

Direxion Daily Healthcare Bull 3x Shares Stock Performance

The stock has a market capitalization of $175.91 million, a price-to-earnings ratio of 20.81 and a beta of 1.67. The stock has a fifty day simple moving average of $100.17 and a two-hundred day simple moving average of $103.23.

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

A number of institutional investors have recently modified their holdings of CURE. Tower Research Capital LLC TRC grew its position in Direxion Daily Healthcare Bull 3x Shares by 1,649.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 45,858 shares of the company’s stock valued at $3,830,000 after purchasing an additional 43,236 shares during the period. Virtu Financial LLC acquired a new position in shares of Direxion Daily Healthcare Bull 3x Shares during the fourth quarter valued at about $1,578,000. Flow Traders U.S. LLC acquired a new position in shares of Direxion Daily Healthcare Bull 3x Shares during the third quarter valued at about $663,000. Group One Trading LLC bought a new stake in shares of Direxion Daily Healthcare Bull 3x Shares during the third quarter worth about $245,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of Direxion Daily Healthcare Bull 3x Shares by 16.2% during the second quarter. EverSource Wealth Advisors LLC now owns 2,150 shares of the company’s stock worth $169,000 after acquiring an additional 300 shares in the last quarter.

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.