Direxion Daily Homebuilders & Supplies Bull 3X ETF (NYSEARCA:NAIL – Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totaling 1,979,753 shares, an increase of 61.9% from the September 30th total of 1,222,657 shares. Approximately 9.9% of the shares of the stock are short sold. Based on an average daily volume of 2,692,274 shares, the days-to-cover ratio is presently 0.7 days.
Hedge Funds Weigh In On Direxion Daily Homebuilders & Supplies Bull 3X ETF
Several hedge funds and other institutional investors have recently made changes to their positions in NAIL. IFP Advisors Inc lifted its holdings in shares of Direxion Daily Homebuilders & Supplies Bull 3X ETF by 28.3% during the 2nd quarter. IFP Advisors Inc now owns 1,663 shares of the company’s stock worth $86,000 after acquiring an additional 367 shares during the period. Headlands Technologies LLC acquired a new stake in shares of Direxion Daily Homebuilders & Supplies Bull 3X ETF during the 2nd quarter worth approximately $391,000. Finally, VestGen Advisors LLC acquired a new stake in shares of Direxion Daily Homebuilders & Supplies Bull 3X ETF during the 3rd quarter worth approximately $231,000.
Direxion Daily Homebuilders & Supplies Bull 3X ETF Price Performance
NAIL traded up $4.36 on Monday, hitting $37.23. 2,097,232 shares of the stock were exchanged, compared to its average volume of 1,632,704. Direxion Daily Homebuilders & Supplies Bull 3X ETF has a 12 month low of $23.31 and a 12 month high of $81.20. The business has a 50-day moving average of $30.79 and a two-hundred day moving average of $43.41. The firm has a market capitalization of $699.89 million, a price-to-earnings ratio of 9.25 and a beta of 3.84.
Direxion Daily Homebuilders & Supplies Bull 3X ETF Company Profile
The Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) is an exchange-traded fund that is based on the DJ US Select \u002F Home Construction index. The fund provides 3x daily leveraged bullish exposure to an index composed of US companies within the home construction sector. NAIL was launched on Aug 19, 2015 and is managed by Direxion.
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