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 drop in short interest in the month of August. As of August 14th, there was short interest totaling 10,599 shares, a drop of 74.3% from the July 30th total of 41,320 shares. Approximately 0.7% of the shares of the company are short sold. Based on an average daily trading volume, of 55,456 shares, the short-interest ratio is currently 0.2 days.

Direxion Daily Healthcare Bull 3x Shares Stock Performance

NYSEARCA:CURE traded down $5.12 during mid-day trading on Thursday, reaching $137.23. The stock had a trading volume of 72,062 shares, compared to its average volume of 68,064. The firm has a 50 day moving average price of $120.78 and a two-hundred day moving average price of $105.92. The stock has a market capitalization of $198.98 million, a P/E ratio of 20.81 and a beta of 1.66. Direxion Daily Healthcare Bull 3x Shares has a one year low of $74.34 and a one year high of $150.00.

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

Several large investors have recently modified their holdings of CURE. EverSource Wealth Advisors LLC boosted its position in shares of Direxion Daily Healthcare Bull 3x Shares by 16.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,150 shares of the company’s stock worth $169,000 after purchasing an additional 300 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Direxion Daily Healthcare Bull 3x Shares during the second quarter worth about $157,000. Headlands Technologies LLC purchased a new position in Direxion Daily Healthcare Bull 3x Shares in the 2nd quarter valued at about $34,000. Group One Trading LLC acquired a new stake in Direxion Daily Healthcare Bull 3x Shares in the 3rd quarter valued at approximately $245,000. Finally, Tower Research Capital LLC TRC grew its position in Direxion Daily Healthcare Bull 3x Shares by 1,649.0% during the 3rd quarter. Tower Research Capital LLC TRC now owns 45,858 shares of the company’s stock worth $3,830,000 after purchasing an additional 43,236 shares in the last quarter.

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.