LifeGuide Financial Advisors LLC increased its position in shares of Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN – Free Report) by 14.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 129,813 shares of the company’s stock after acquiring 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 portfolio, making the stock its 15th biggest holding. LifeGuide Financial Advisors LLC’s holdings in Direxion Daily Real Estate Bull 3X Shares were worth $1,285,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of DRN. SG Americas Securities LLC purchased a new stake in shares of Direxion Daily Real Estate Bull 3X Shares during the 4th quarter valued at approximately $202,000. Simplex Trading LLC acquired a new stake in Direxion Daily Real Estate Bull 3X Shares during the fourth quarter worth $406,000. Finally, EP Wealth Advisors LLC purchased a new stake in Direxion Daily Real Estate Bull 3X Shares in the third quarter valued at $301,000.
Direxion Daily Real Estate Bull 3X Shares Stock Performance
Shares of NYSEARCA DRN traded down $0.26 during mid-day trading on Monday, reaching $8.52. 632,694 shares of the company’s stock were exchanged, compared to its average volume of 896,508. The company’s 50-day moving average is $8.30 and its 200-day moving average is $9.07. The firm has a market capitalization of $69.86 million, a price-to-earnings ratio of 25.96 and a beta of 2.92. Direxion Daily Real Estate Bull 3X Shares has a 52-week low of $5.53 and a 52-week high of $11.00.
Direxion Daily Real Estate Bull 3X Shares Company 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.
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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:DRN – Free Report).
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