Traders Purchase High 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 on Thursday. Stock investors bought 2,750 call options on the company. This represents an increase of approximately 259% compared to the typical daily volume of 765 call options.

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

DRN stock traded down $0.03 during midday trading on Thursday, hitting $9.81. 452,490 shares of the company’s stock were exchanged, compared to its average volume of 1,103,082. Direxion Daily Real Estate Bull 3X Shares has a 12-month low of $7.07 and a 12-month high of $14.07. The stock has a market capitalization of $80.44 million, a price-to-earnings ratio of 25.96 and a beta of 2.92. The firm has a 50 day moving average price of $11.65 and a 200-day moving average price of $11.42.

About Direxion Daily Real Estate Bull 3X Shares

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.