Short Interest in Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Rises By 64.7%

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) was the recipient of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 250,276 shares, an increase of 64.7% from the February 12th total of 151,996 shares. Based on an average trading volume of 182,949 shares, the short-interest ratio is currently 1.4 days. Approximately 9.3% of the company’s stock are sold short. Approximately 9.3% of the company’s stock are sold short. Based on an average trading volume of 182,949 shares, the short-interest ratio is currently 1.4 days.

Institutional Investors Weigh In On Direxion Daily MSCI Emerging Markets Bull 3X Shares

A number of institutional investors have recently made changes to their positions in the company. Covestor Ltd increased its position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 267.2% during the fourth quarter. Covestor Ltd now owns 1,656 shares of the company’s stock valued at $90,000 after acquiring an additional 1,205 shares in the last quarter. Millington Financial Advisors LLC lifted its position in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 23.8% in the 3rd quarter. Millington Financial Advisors LLC now owns 6,768 shares of the company’s stock valued at $343,000 after acquiring an additional 1,300 shares in the last quarter. Great Oak Capital Partners LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 3rd quarter valued at $212,000. PMV Capital Advisers LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 3rd quarter valued at $256,000. Finally, SBI Securities Co. Ltd. increased its holdings in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 337.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 13,274 shares of the company’s stock worth $520,000 after purchasing an additional 10,238 shares in the last quarter.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Price Performance

EDC opened at $57.80 on Friday. The stock has a 50-day moving average price of $68.32 and a 200-day moving average price of $57.30. The firm has a market cap of $154.90 million, a PE ratio of 15.39 and a beta of 1.93. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 1 year low of $20.13 and a 1 year high of $82.43.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Company Profile

The Direxion Daily MSCI Emerging Markets Bull 3X Shares (EDC) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund provides 3x leveraged exposure to a market-cap-weighted index of companies operating in emerging markets. EDC was launched on Dec 17, 2008 and is managed by Direxion.