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

Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) was the recipient of some unusual options trading on Thursday. Traders purchased 2,750 call options on the company. This is an increase of 259% compared to the average daily volume of 765 call options.

Direxion Daily Real Estate Bull 3X Shares Price Performance

NYSEARCA:DRN opened at $9.95 on Friday. The business’s 50-day simple moving average is $11.53 and its 200-day simple moving average is $11.42. Direxion Daily Real Estate Bull 3X Shares has a fifty-two week low of $7.07 and a fifty-two week high of $14.07. The stock has a market capitalization of $81.59 million, a PE ratio of 25.96 and a beta of 2.92.

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.