Short Interest in Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Drops By 74.3%

Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) saw a large decline in short interest in August. As of August 14th, there was short interest totaling 10,599 shares, a decline of 74.3% from the July 30th total of 41,320 shares. Based on an average daily trading volume, of 55,456 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.7% of the shares of the stock are short sold.

Direxion Daily Healthcare Bull 3x Shares Price Performance

Shares of NYSEARCA CURE traded down $5.12 during mid-day trading on Thursday, reaching $137.23. 72,062 shares of the company traded hands, compared to its average volume of 68,064. Direxion Daily Healthcare Bull 3x Shares has a fifty-two week low of $74.34 and a fifty-two week high of $150.00. The firm has a market cap of $198.98 million, a PE ratio of 20.81 and a beta of 1.66. The stock has a fifty day simple moving average of $120.78 and a 200-day simple moving average of $105.92.

Institutional Trading of Direxion Daily Healthcare Bull 3x Shares

Several institutional investors have recently modified their holdings of the company. Tucker Asset Management LLC acquired a new position in Direxion Daily Healthcare Bull 3x Shares in the second quarter worth $33,000. EverSource Wealth Advisors LLC raised its position in shares of Direxion Daily Healthcare Bull 3x Shares by 16.2% in the second quarter. EverSource Wealth Advisors LLC now owns 2,150 shares of the company’s stock valued at $169,000 after buying an additional 300 shares in the last quarter. Headlands Technologies LLC bought a new position in Direxion Daily Healthcare Bull 3x Shares in the 2nd quarter valued at approximately $34,000. Frazier Financial Advisors LLC bought a new position in shares of Direxion Daily Healthcare Bull 3x Shares during the fourth quarter valued at $112,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Direxion Daily Healthcare Bull 3x Shares in the 2nd quarter valued at $157,000.

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.