Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) Stock Price Up 7.1% – Here’s What Happened

Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL)’s share price traded up 7.1% during mid-day trading on Thursday . The company traded as high as $53.80 and last traded at $53.4650. 904,340 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 1,146,524 shares. The stock had previously closed at $49.94.

Direxion Daily Homebuilders & Supplies Bull 3x Shares Stock Up 12.0%

The firm’s 50-day moving average price is $55.58 and its 200 day moving average price is $64.94. The firm has a market cap of $606.68 million, a P/E ratio of 9.25 and a beta of 3.97.

Hedge Funds Weigh In On Direxion Daily Homebuilders & Supplies Bull 3x Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Covestor Ltd bought a new position in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares during the 3rd quarter valued at $159,000. JPMorgan Chase & Co. bought a new stake in Direxion Daily Homebuilders & Supplies Bull 3x Shares in the 3rd quarter valued at $558,000. Jump Financial LLC acquired a new stake in Direxion Daily Homebuilders & Supplies Bull 3x Shares during the third quarter worth about $2,060,000. Finally, FNY Investment Advisers LLC acquired a new stake in shares of Direxion Daily Homebuilders & Supplies Bull 3x Shares during the 3rd quarter worth approximately $1,102,000.

Direxion Daily Homebuilders & Supplies Bull 3x Shares Company Profile

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.