Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE) Short Interest Up 94.7% in August

Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE) saw a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 20,634 shares, an increase of 94.7% from the August 15th total of 10,599 shares. Based on an average trading volume of 72,569 shares, the days-to-cover ratio is presently 0.3 days. Currently, 1.4% of the shares of the company are sold short.

Institutional Investors Weigh In On Direxion Daily Healthcare Bull 3X ETF

Several large investors have recently made changes to their positions in CURE. Tucker Asset Management LLC acquired a new position in shares of Direxion Daily Healthcare Bull 3X ETF during the 2nd quarter valued at $33,000. Frazier Financial Advisors LLC acquired a new stake in shares of Direxion Daily Healthcare Bull 3X ETF in the fourth quarter valued at $112,000. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily Healthcare Bull 3X ETF in the fourth quarter valued at $1,578,000.

Direxion Daily Healthcare Bull 3X ETF Price Performance

Shares of CURE stock traded up $1.67 during trading hours on Thursday, reaching $128.72. The stock had a trading volume of 13,858 shares, compared to its average volume of 66,693. Direxion Daily Healthcare Bull 3X ETF has a twelve month low of $74.34 and a twelve month high of $150.00. The firm has a 50-day simple moving average of $127.15 and a 200-day simple moving average of $107.76. The firm has a market capitalization of $136.44 million, a PE ratio of 20.81 and a beta of 1.67.

Direxion Daily Healthcare Bull 3X ETF Company Profile

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.