Traynor Capital Management Inc. decreased its position in Direxion Daily Healthcare Bull 3x Shares (NYSEARCA:CURE – Get Rating) by 8.9% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 5,403 shares of the company's stock after selling 527 shares during the period. Traynor Capital Management Inc.'s holdings in Direxion Daily Healthcare Bull 3x Shares were worth $456,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Tower Research Capital LLC TRC acquired a new stake in shares of Direxion Daily Healthcare Bull 3x Shares during the 3rd quarter worth approximately $465,000. Virtu Financial LLC acquired a new stake in Direxion Daily Healthcare Bull 3x Shares in the third quarter worth $286,000. Quantbot Technologies LP acquired a new stake in Direxion Daily Healthcare Bull 3x Shares in the second quarter worth $69,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Direxion Daily Healthcare Bull 3x Shares during the first quarter valued at about $821,000.
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CURE stock opened at $85.05 on Friday. Direxion Daily Healthcare Bull 3x Shares has a 1 year low of $81.20 and a 1 year high of $149.57. The stock has a market capitalization of $153.09 million, a PE ratio of 21.67 and a beta of 2.32. The company's 50-day moving average is $103.84 and its 200-day moving average is $104.22.
Direxion Daily Healthcare Bull 3x Shares Profile
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Direxion Daily Healthcare Bull 3x Shares (CURE)
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