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Direxion Daily Real Estate Bull 3X Shares

Direxion Daily Real Estate Bull 3X Shares (DRN)

7.26
0.09
(1.26%)
Closed April 20 4:00PM
7.33
0.07
(0.96%)
After Hours: 7:43PM

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Key stats and details

Current Price
7.33
Bid
-
Ask
-
Volume
775,493
7.17 Day's Range 7.36
5.535 52 Week Range 11.00
Market Cap
Previous Close
7.17
Open
7.20
Last Trade
1998
@
7.26
Last Trade Time
Financial Volume
$ 5,624,631
VWAP
7.253
Average Volume (3m)
870,019
Shares Outstanding
9,974,000
Dividend Yield
-
PE Ratio
-3.76
Earnings Per Share (EPS)
-1.93
Revenue
2.05M
Net Profit
-19.26M

About Direxion Daily Real Estate Bull 3X Shares

The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests at least 80% of its net ass... The Fund seeks daily investment results before fees and expenses of 300% of the inverse or opposite of the daily performance of the Index. The Fund does not seek to achieve its stated investment objective for a period of time different than a trading day. The fund invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, and securities of the index, ETFs that track the index and other financial instruments that provide daily leveraged exposure to the index or ETFs that track the index. The index is designed to measure the performance of the large-, mid- and small-capitalization segments of the U.S. equity universe that are classified in the real estate sector as per the GICS. It is non-diversified. Show more

Sector
Mgmt Invt Offices, Open-end
Industry
Mgmt Invt Offices, Open-end
Headquarters
Wilmington, Delaware, USA
Founded
1970
Direxion Daily Real Estate Bull 3X Shares is listed in the Mgmt Invt Offices, Open-end sector of the American Stock Exchange with ticker DRN. The last closing price for Direxion Daily Real Esta... was $7.17. Over the last year, Direxion Daily Real Esta... shares have traded in a share price range of $ 5.535 to $ 11.00.

Direxion Daily Real Esta... currently has 9,974,000 shares outstanding. The market capitalization of Direxion Daily Real Esta... is $72.41 million. Direxion Daily Real Esta... has a price to earnings ratio (PE ratio) of -3.76.

DRN Latest News

No news to show yet.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.97-11.6867469888.38.377.0712057777.5102854SP
4-2.28-23.72528616029.619.967.079430668.51794886SP
12-2.15-22.67932489459.4810.437.078700199.04463292SP
260.9314.531256.4115.5359791168.64978173SP
52-2.04-21.77161152619.37115.5357511078.58727375SP
156-10.8-59.569773855518.1331.015.53551033012.23482685SP
260-15.87-68.405172413823.236.094.542040812.23866571SP

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DRN Discussion

View Posts
Dragonfart Dragonfart 10 months ago
Weird, I thought real estate was crashing, guess not with all the new fake money coming in
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PennyRookie0 PennyRookie0 2 years ago
Are you still holding this?
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PennyRookie0 PennyRookie0 2 years ago
Surprised more people aren't here. This has been a solid pick since the pandemic. I'm hoping 2022 continues with a strong real estate market.
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Market_scab Market_scab 3 years ago
Time to get out. Housing is standing at a cliff...if wages dont rise the numbers will get worse and worse. And a moratorium is expiring.

Will it trigger and financial crisis? Who knows
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tw0122 tw0122 4 years ago
Time to sell $10.90s good
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tw0122 tw0122 4 years ago
Thank you Mr Powell, BlackRock and JP Morgan this should be around $12 on Monday
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tw0122 tw0122 4 years ago
Time to exit the less then 2 hour day trade from $9.70s this morning because Wall Street saying the World is a great Economy again
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tw0122 tw0122 4 years ago
Nibble on some $9.70s here although $9.60 more ideal and add anything under $9.60 for the bonus. Soon they will switch the tune from terrible economy to great economy
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tw0122 tw0122 4 years ago
Out of DRN in $10.60s thank you corrupt Fed. The world is great again today. Entry yesterday $9.70s and lower $10s
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tw0122 tw0122 4 years ago
Did you get your cheap DRN today. Sell at open tomorrow more then likely
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tw0122 tw0122 4 years ago
Dabbled some $9.70s end of day and low $10s earlier.
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tw0122 tw0122 4 years ago
DRN looking good to get some low $10 shares
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rjunior79 rjunior79 4 years ago
This ETF will surely be a winner in the long run!!


While interest rates are low and massive fiscal stimulus is record breaking, and unemployment has not reached record levels, the real estate market will benefit from increased inflation and is therefore likely to increase in price, possibly substantially. According to Moody's Investors Service, "When the period of monetary stimulus ends, the demand for real estate, as reflected by the rise in housing prices, is likely to rise dramatically."

But this is not the time to be complacent about a recession, but the upside is that such recessionary environment will only last for a short time. It is important that you remain vigilant. When your economy turns down, demand can temporarily increase, because of the increased value of real estate.

The Consumer Confidence Index continues to fall, and it looks like more consumers are looking for ways to save money. Banks are showing a lot of concern over the housing market, and many have increased their lending requirements.

During this time of great concern, the Federal Reserve is currently in the process of purchasing mortgage backed securities (RMBS) and other assets from the largest financial institutions in order to keep inflation under control. If the consumer wants to keep their money, they must help keep inflation under control.

The fiscal stimulus plan is also being used to continue the home foreclosures process. When these homes are sold, they can be turned into tax losses for the federal government, which could make it profitable for the government to sell back additional foreclosure properties and take in some additional money, as well.

This has an adverse effect on inflation, which is already at a low level. This sort of action could actually encourage the real estate market to increase in price, because the government makes more money when the housing market increases.

It is critical to understand that when the real estate market increases in price, there will be increased demand, and that will lead to higher inflation. A stronger dollar has an adverse effect on inflation, and the government is using this as a reason to increase the monetary supply, but if we could have more gold to stimulate the economy, we would have done so already.

Even in places like Canada, real estate prices in Vancouver, North Vancouver and Lower Mainland is rising dramatically:
Look at these cities for example:
https://www.strawhomes.com/mls/vancouver-west-condos/
https://www.strawhomes.com/mls/vancouver-east-condos/
https://www.strawhomes.com/mls/vancouver-east-homes/
https://www.strawhomes.com/mls/vancouver-west-yaletown-condos/


The current inflation problem is more due to the Fed keeping rates low than it is due to the factors listed above. The Consumer Confidence Index does not necessarily reflect the state of our economy, as the index includes items such as debt consolidation, credit card debt, and other items that might be inflated because of the Fed's stimulus program.

If we had a certain rate of inflation that was a lot higher than the current inflation level, there would be a huge problem. It would not matter whether or not we were in a recession.

The best strategy is to continue to gather and interpret new information, and to use that information to your advantage. When I received a report from a brokerage firm, it showed that the MLS sales had increased about five percent in a month, but mortgage rates were still very low.

That tells me that there is a possibility that the real estate market is not inflated, and that the credit crunch may just be a temporary phenomenon. The US Dollar is moving in an upward direction, and the situation with interest rates is not the reason for this move.

I do not think that the Federal Reserve is playing a role in increasing inflation, as I believe they are trying to keep inflation under control. If the Federal Reserve knew that we were in a housing slump, they would not be buying trillions of dollars worth of Treasuries and mortgage backed securities, and the spending cutbacks would not be occurring.
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tw0122 tw0122 4 years ago
Out of DRN at close for a 3.5% gain. Just a same day trade in and out
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tw0122 tw0122 4 years ago
Out of DRN with a 16% gain from yesterday entry.
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JohnCM JohnCM 4 years ago
We have 25 days left to make hay!!!!
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JohnCM JohnCM 4 years ago
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JohnCM JohnCM 4 years ago
Sold ROOF. I like the leverage here.
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tw0122 tw0122 4 years ago
Spot on again bad good job reports don’t matter 40 million unemployed and 2.5 million jobs added back in May. Fake fake but this is WS usual and DRN to the moon today!!
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tw0122 tw0122 4 years ago
If you were watching Thursday was out of DRV and load up time for DRN. America is Great again Friday and job reports won’t matter either. Pick your exit point today on DRN for the quick day trade.
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tw0122 tw0122 4 years ago
Out of DRN still need lots of plywood to board up those looted shops
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tw0122 tw0122 4 years ago
Go DRN for the quick day trade in yesterday out today. The World is great again.
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tw0122 tw0122 4 years ago
Out of DRN will sit back and prepare for DRV
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tw0122 tw0122 4 years ago
Gamble paying off held DRN for 2 days. Rarely hold 3x leveraged trades more then a day. Out of position later today
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tw0122 tw0122 4 years ago
Hopefully you loaded up on DRN Friday it’s going to be a nice day because all is well again theme arrives post Memorial day
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tw0122 tw0122 4 years ago
Nice setup for DRN on daytrade in and out. Been a toss up but you know to buy DRN when DRV goes up 14% and viceversa. Play those quick day trades don’t get burnt by staying in a few days. 3x leveraged funds designed to steal your money when you stay in long term
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Toofuzzy Toofuzzy 4 years ago
It is days like this you wish you were not diversified.

Toofuzzy
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tw0122 tw0122 4 years ago
Nice 1 day trade out of here
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tw0122 tw0122 4 years ago
All aboard last few days
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JohnCM JohnCM 4 years ago
IN PLAY
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JohnCM JohnCM 4 years ago
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ClayTrader ClayTrader 6 years ago
* * $BRN Video Chart 07-23-18 * *

Link to Video - click here to watch the technical chart video

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stocktrademan stocktrademan 10 years ago
Direxion Shares ETF Trust [$DRN] due diligence

bullish
http://etfdb.com/etf/DRN/

$DRN

DD Notes ~ http://www.ddnotesmaker.com/DRN

##### recent news/filings ~ source: finance.yahoo.com

Fri, 30 May 2014 16:56:12 GMT ~ The State Of The Housing Market, April 2014
read full: http://seekingalpha.com/article/2246163-the-state-of-the-housing-market-april-2014?source=yahoo
*********************************************************

Tue, 20 May 2014 18:55:25 GMT ~ The Apartment Boom
[at Seeking Alpha] - If the construction of single family homes has completely stalled for the last 16 months, apartment and other multifamily construction is on a tear. Here's the same graph comparing single family permits ...
read full: http://seekingalpha.com/article/2228493-the-apartment-boom?source=yahoo
*********************************************************

Fri, 16 May 2014 19:22:23 GMT ~ Real Estate: Is Quality Back In Style?
read full: http://seekingalpha.com/article/2223253-real-estate-is-quality-back-in-style?source=yahoo
*********************************************************

Thu, 08 May 2014 13:07:03 GMT ~ Delrand Announces Share Consolidation and Appointment of CEO
[Marketwired] - Delrand Resources Limited announces that it will be filing articles of amendment to consolidate the outstanding common shares of the Company on a three to one basis . It is expected that the Company's ...
read full: http://finance.yahoo.com/news/delrand-announces-share-consolidation-appointment-130703504.html
*********************************************************

Tue, 06 May 2014 14:39:05 GMT ~ Is This The End Of The Housing Recovery?
read full: http://seekingalpha.com/article/2193443-is-this-the-end-of-the-housing-recovery?source=yahoo
*********************************************************

##### chart ~ source: stockcharts.com



##### chart ~ source: eoddata.com



##### company info ~ source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/DRN/company-info
Ticker: $DRN
OTC Market Place: Not Available
CIK code: not found
Company name: Direxion Shares ETF Trust
Incorporated In:

##### extra dd links

Latest filings: http://www.otcmarkets.com/stock/DRN/filings
Latest financials: http://www.otcmarkets.com/stock/DRN/financials
Latest news: http://www.otcmarkets.com/stock/DRN/news - http://finance.yahoo.com/q/h?s=DRN+Headlines

Major holdings: http://data.cnbc.com/quotes/DRN/tab/8.1
Insider transactions (1): http://finance.yahoo.com/q/it?s=DRN+Insider+Transactions
Insider transactions (2): http://www.secform4.com/insider-trading/DRN.htm
Insider transactions (3): http://www.insidercow.com/history/company.jsp?company=DRN

RegSho: http://www.regsho.com/tools/symbol_stats.php?sym=DRN&search=search

DTCC: http://search2.dtcc.com/?q=Direxion+Shares+ETF+Trust&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information: http://www.spoke.com/search?utf8=%E2%9C%93&q=Direxion+Shares+ETF+Trust
Corporation WIKI: http://www.corporationwiki.com/search/results?term=Direxion+Shares+ETF+Trust&x=0&y=0

Short Sales: http://www.otcmarkets.com/stock/DRN/short-sales
Insider Disclosure: http://www.otcmarkets.com/stock/DRN/insider-transactions
Research Reports: http://www.otcmarkets.com/stock/DRN/research
Historical Prices: http://finance.yahoo.com/q/hp?s=DRN+Historical+Prices
Basic Tech. Analysis: http://finance.yahoo.com/q/ta?s=DRN+Basic+Tech.+Analysis
Company Profile: http://finance.yahoo.com/q/pr?s=DRN+Profile
Key Statistics: http://finance.yahoo.com/q/ks?s=DRN+Key+Statistics
Industry: http://finance.yahoo.com/q/in?s=DRN+Industry
Insider Roster: http://finance.yahoo.com/q/ir?s=DRN+Insider+Roster
Income Statement: http://finance.yahoo.com/q/is?s=DRN
Balance Sheet: http://finance.yahoo.com/q/bs?s=DRN
Cash Flow: http://finance.yahoo.com/q/cf?s=DRN+Cash+Flow&annual
Market Watch: http://www.marketwatch.com/investing/stock/DRN
Bloomberg: http://www.bloomberg.com/quote/DRN:US
Morningstar: http://quotes.morningstar.com/stock/s?t=DRN
Bussinessweek: http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=DRN
Barchart: http://www.barchart.com/quotes/stocks/DRN
OTC Short Report: http://otcshortreport.com/index.php?index=DRN
Investopedia: http://www.investopedia.com/markets/stocks/DRN/?wa=0

http://www.pennystocktweets.com/stocks/profile/DRN

##### last known share structure ~ source: otcmarkets.com

Market Value: Not Available
Shares Outstanding: Not Available
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value

##### business description ~ source: otcmarkets.com



DD Notes ~ http://www.ddnotesmaker.com/DRN

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