Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE) Stock Falls 0.2% – Should You Sell?

Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE)’s stock price was down 0.2% on Tuesday. The company traded as low as $150.11 and last traded at $153.21. 24,688 shares changed hands during trading, a decline of 62% from the average daily volume of 64,584 shares. The stock had previously closed at $153.53.

Direxion Daily Healthcare Bull 3X ETF Stock Down 0.2%

The stock has a market cap of $191.51 million, a price-to-earnings ratio of 20.81 and a beta of 1.63. The company’s 50-day simple moving average is $136.59 and its 200-day simple moving average is $113.14.

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

A hedge fund recently bought a new stake in Direxion Daily Healthcare Bull 3X ETF stock. Tucker Asset Management LLC bought a new position in shares of Direxion Daily Healthcare Bull 3X ETF (NYSEARCA:CURE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 296 shares of the company’s stock, valued at approximately $33,000.

About Direxion Daily Healthcare Bull 3X ETF

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.