Short Interest in Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Expands By 91.7%

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) saw a large growth in short interest in June. As of June 15th, there was short interest totaling 160,977 shares, a growth of 91.7% from the May 31st total of 83,993 shares. Approximately 6.4% of the company’s stock are short sold. Based on an average daily volume of 136,293 shares, the days-to-cover ratio is currently 1.2 days.

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

A number of hedge funds have recently added to or reduced their stakes in the company. PMV Capital Advisers LLC lifted its holdings in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 422.0% in the 1st quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock worth $408,000 after purchasing an additional 5,887 shares in the last quarter. Virtu Financial LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 4th quarter valued at $1,693,000. Jane Street Group LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 1st quarter valued at $604,000. Optiver Holding B.V. raised its holdings in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 29.4% during the first quarter. Optiver Holding B.V. now owns 3,626 shares of the company’s stock worth $203,000 after buying an additional 824 shares during the last quarter. Finally, IMC Chicago LLC bought a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the first quarter valued at $517,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Price Performance

Shares of EDC traded down $7.15 during trading hours on Wednesday, hitting $81.78. The stock had a trading volume of 51,156 shares, compared to its average volume of 171,285. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 1-year low of $38.08 and a 1-year high of $103.88. The firm has a market capitalization of $206.90 million, a P/E ratio of 15.39 and a beta of 2.18. The firm has a 50 day simple moving average of $86.37 and a 200-day simple moving average of $71.61.

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.