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

Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) saw unusually large options trading activity on Thursday. Investors bought 2,750 call options on the stock. This represents an increase of 259% compared to the average daily volume of 765 call options.

Direxion Daily Real Estate Bull 3X Shares Stock Performance

NYSEARCA DRN opened at $9.57 on Friday. The firm’s 50 day moving average price is $11.58 and its two-hundred day moving average price is $11.41. Direxion Daily Real Estate Bull 3X Shares has a twelve month low of $7.07 and a twelve month high of $14.07. 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 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.