Hollencrest Capital Management Boosts Position in Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL)

Hollencrest Capital Management boosted its holdings in Direxion Daily Homebuilders & Supplies Bull 3x Shares (NYSEARCA:NAIL) by 720.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 328 shares of the company’s stock after buying an additional 288 shares during the period. Hollencrest Capital Management’s holdings in Direxion Daily Homebuilders & Supplies Bull 3x Shares were worth $28,000 at the end of the most recent reporting period.

Separately, JPMorgan Chase & Co. raised its holdings in Direxion Daily Homebuilders & Supplies Bull 3x Shares by 228.1% in the third quarter. JPMorgan Chase & Co. now owns 2,346 shares of the company’s stock valued at $397,000 after buying an additional 1,631 shares during the period.

Direxion Daily Homebuilders & Supplies Bull 3x Shares Stock Down 7.9 %

NAIL opened at $59.65 on Friday. The firm has a market capitalization of $247.55 million, a P/E ratio of 9.40 and a beta of 4.54. The firm’s 50 day moving average is $82.09 and its 200-day moving average is $118.34. Direxion Daily Homebuilders & Supplies Bull 3x Shares has a 52-week low of $58.87 and a 52-week high of $178.00.

Direxion Daily Homebuilders & Supplies Bull 3x Shares Profile

The Direxion Daily Homebuilders & Supplies Bull 3X Shares (NAIL) is an exchange-traded fund that is based on the DJ US Select \u002F Home Construction index. The fund provides 3x daily leveraged bullish exposure to an index composed of US companies within the home construction sector. NAIL was launched on Aug 19, 2015 and is managed by Direxion.