LifeGuide Financial Advisors LLC Has $1.29 Million Position in Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN)

LifeGuide Financial Advisors LLC raised its holdings in shares of Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) by 14.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 129,813 shares of the company’s stock after purchasing an additional 16,359 shares during the quarter. Direxion Daily Real Estate Bull 3X Shares makes up 0.6% of LifeGuide Financial Advisors LLC’s holdings, making the stock its 15th biggest position. LifeGuide Financial Advisors LLC owned about 2.36% of Direxion Daily Real Estate Bull 3X Shares worth $1,285,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of Direxion Daily Real Estate Bull 3X Shares in the fourth quarter valued at about $202,000. EP Wealth Advisors LLC acquired a new stake in Direxion Daily Real Estate Bull 3X Shares during the third quarter worth approximately $301,000. Finally, Simplex Trading LLC acquired a new stake in Direxion Daily Real Estate Bull 3X Shares during the 4th quarter worth approximately $406,000.

Direxion Daily Real Estate Bull 3X Shares Stock Down 3.0 %

Shares of Direxion Daily Real Estate Bull 3X Shares stock traded down $0.26 during trading on Monday, reaching $8.52. The company’s stock had a trading volume of 632,694 shares, compared to its average volume of 896,508. Direxion Daily Real Estate Bull 3X Shares has a 52 week low of $5.53 and a 52 week high of $11.00. The firm has a market cap of $69.86 million, a PE ratio of 25.96 and a beta of 2.92. The business’s 50-day moving average price is $8.30 and its 200-day moving average price is $9.07.

Direxion Daily Real Estate Bull 3X Shares Profile

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.