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) traded up 7.1% during trading on Thursday . The company traded as high as $53.80 and last traded at $53.4650. 904,340 shares were traded during 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 Price Performance

The company has a market cap of $606.68 million, a price-to-earnings ratio of 9.25 and a beta of 3.97. The business has a 50 day simple moving average of $55.58 and a 200 day simple moving average of $64.94.

Institutional Inflows and Outflows

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

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.