Innova Wealth Partners Buys Shares of 10,111 Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN)

Innova Wealth Partners purchased a new position in shares of Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRNFree Report) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 10,111 shares of the company’s stock, valued at approximately $99,000.

Direxion Daily Real Estate Bull 3X Shares Trading Down 2.2 %

Shares of NYSEARCA DRN opened at $9.33 on Wednesday. The company’s 50-day moving average price is $11.40 and its 200 day moving average price is $11.47. Direxion Daily Real Estate Bull 3X Shares has a 52 week low of $7.07 and a 52 week high of $14.07. The stock has a market cap of $76.51 million, a price-to-earnings ratio of 25.96 and a beta of 2.92.

About Direxion Daily Real Estate Bull 3X Shares

(Free Report)

The Direxion Daily Real Estate Bull 3X Shares (DRN) is an exchange-traded fund that is based on the S&P Real Estate Select Sector index. The fund provides 3x leveraged exposure to an index that captures large cap equities of the US real estate segment. DRN was launched on Jul 16, 2009 and is managed by Direxion.

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Want to see what other hedge funds are holding DRN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRNFree Report).

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