Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) Stock Price Up 7.1% – Time to Buy?

Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) shares rose 7.1% on Wednesday . The company traded as high as $57.47 and last traded at $58.15. Approximately 767,362 shares changed hands during trading, a decline of 16% from the average daily volume of 912,056 shares. The stock had previously closed at $54.31.

Direxion Daily Homebuilders & Supplies Bull 3x Shares Stock Up 10.3%

The business’s 50-day simple moving average is $60.76 and its two-hundred day simple moving average is $64.26. The firm has a market capitalization of $619.75 million, a price-to-earnings ratio of 9.25 and a beta of 3.97.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Covestor Ltd acquired a new stake in Direxion Daily Homebuilders & Supplies Bull 3x Shares in the 3rd quarter valued at about $159,000. JPMorgan Chase & Co. acquired a new stake in Direxion Daily Homebuilders & Supplies Bull 3x Shares in the third quarter valued at approximately $558,000. Finally, Jump Financial LLC acquired a new stake in Direxion Daily Homebuilders & Supplies Bull 3x Shares in the third quarter valued at approximately $2,060,000.

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.