Innova Wealth Partners Invests $99,000 in Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN)

Innova Wealth Partners purchased a new stake in Direxion Daily Real Estate Bull 3X Shares (NYSEARCA:DRN) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 10,111 shares of the company’s stock, valued at approximately $99,000. Innova Wealth Partners owned approximately 0.12% of Direxion Daily Real Estate Bull 3X Shares as of its most recent SEC filing.

Direxion Daily Real Estate Bull 3X Shares Trading Down 2.2 %

Shares of DRN opened at $9.33 on Wednesday. Direxion Daily Real Estate Bull 3X Shares has a twelve month low of $7.07 and a twelve month high of $14.07. The firm has a market capitalization of $76.51 million, a P/E ratio of 25.96 and a beta of 2.92. The firm’s 50-day moving average is $11.40 and its two-hundred day moving average is $11.47.

Direxion Daily Real Estate Bull 3X Shares 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.