Traders Buy Large Volume of Call Options on Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN)

Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) was the target of some unusual options trading on Thursday. Investors bought 2,750 call options on the stock. This is an increase of approximately 259% compared to the average volume of 765 call options.

Direxion Daily Real Estate Bull 3X Shares Trading Down 0.3 %

Shares of NYSEARCA DRN traded down $0.03 during trading hours on Thursday, reaching $9.81. The stock had a trading volume of 452,490 shares, compared to its average volume of 1,103,082. The firm has a market cap of $80.44 million, a price-to-earnings ratio of 25.96 and a beta of 2.92. 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 firm has a 50-day moving average of $11.65 and a 200-day moving average of $11.42.

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.