Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) Trading Up 10.6% – Here’s What Happened

Shares of Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE) traded up 10.6% during mid-day trading on Wednesday . The stock traded as high as $150.00 and last traded at $147.87. 151,248 shares changed hands during trading, an increase of 122% from the average session volume of 68,060 shares. The stock had previously closed at $133.72.

Direxion Daily Healthcare Bull 3x Shares Stock Up 10.6%

The business’s 50 day moving average is $116.46 and its 200 day moving average is $104.75. The company has a market cap of $214.41 million, a P/E ratio of 20.81 and a beta of 1.66.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its holdings in shares of 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 valued at $3,830,000 after purchasing an additional 43,236 shares during the last quarter. Virtu Financial LLC acquired a new stake in Direxion Daily Healthcare Bull 3x Shares in the fourth quarter worth about $1,578,000. Flow Traders U.S. LLC purchased a new stake in shares of Direxion Daily Healthcare Bull 3x Shares during the third quarter worth about $663,000. Group One Trading LLC purchased a new stake in shares of Direxion Daily Healthcare Bull 3x Shares during the third quarter worth about $245,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Direxion Daily Healthcare Bull 3x Shares during the second quarter worth about $157,000.

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.