Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) Sees Large Drop in Short Interest

Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) was the recipient of a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 27,564 shares, a decline of 46.5% from the February 12th total of 51,535 shares. Based on an average daily volume of 59,504 shares, the days-to-cover ratio is presently 0.5 days. Currently, 3.6% of the company’s shares are sold short. Currently, 3.6% of the company’s shares are sold short. Based on an average daily volume of 59,504 shares, the days-to-cover ratio is presently 0.5 days.

Direxion Daily MSCI Mexico Bull 3X Shares Price Performance

MEXX stock traded down $2.93 on Thursday, hitting $26.40. 58,947 shares of the company were exchanged, compared to its average volume of 59,294. The stock has a market capitalization of $20.33 million, a price-to-earnings ratio of 13.94 and a beta of 2.92. Direxion Daily MSCI Mexico Bull 3X Shares has a twelve month low of $8.44 and a twelve month high of $39.27. The business’s fifty day moving average is $32.71 and its two-hundred day moving average is $25.83.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily MSCI Mexico Bull 3X Shares stock. Jane Street Group LLC boosted its position in Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) by 29.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,517 shares of the company’s stock after acquiring an additional 9,790 shares during the quarter. Jane Street Group LLC owned 5.65% of Direxion Daily MSCI Mexico Bull 3X Shares worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily MSCI Mexico Bull 3X Shares Company Profile

The Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) is an exchange-traded fund that is based on the MSCI Mexico IMI 25-50 index. The fund offers daily leveraged 3X exposure to a broad, market-cap-weighted index of Mexican firms. MEXX was launched on May 3, 2017 and is managed by Direxion.