HighTower Advisors LLC Buys New Shares in Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN)

HighTower Advisors LLC purchased a new stake in Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the company’s stock, valued at approximately $98,000. HighTower Advisors LLC owned 0.12% of Direxion Daily Real Estate Bull 3X Shares at the end of the most recent reporting period.

Separately, SBI Securities Co. Ltd. bought a new stake in shares of Direxion Daily Real Estate Bull 3X Shares in the fourth quarter valued at about $164,000.

Direxion Daily Real Estate Bull 3X Shares Stock Down 13.8 %

DRN stock opened at $8.22 on Friday. Direxion Daily Real Estate Bull 3X Shares has a twelve month low of $7.07 and a twelve month high of $14.07. The company has a market cap of $50.14 million, a PE ratio of 31.76 and a beta of 2.85. The business’s 50-day simple moving average is $10.45 and its 200 day simple moving average is $11.24.

Direxion Daily Real Estate Bull 3X Shares Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, April 1st. Stockholders of record on Tuesday, March 25th were issued a dividend of $0.0637 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This is a positive change from Direxion Daily Real Estate Bull 3X Shares’s previous dividend of $0.06.

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.