Direxion Daily Real Estate Bull 3X Shares Sees Unusually High Options Volume (NYSEARCA:DRN)

Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) was the target of unusually large options trading activity on Thursday. Stock traders bought 2,750 call options on the stock. This represents an increase of approximately 259% compared to the typical volume of 765 call options.

Direxion Daily Real Estate Bull 3X Shares Trading Down 2.7 %

Direxion Daily Real Estate Bull 3X Shares stock opened at $9.57 on Friday. The company’s 50-day moving average price is $11.58 and its two-hundred day moving average price is $11.41. The stock has a market cap of $78.47 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 $7.07 and a 52 week high of $14.07.

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.