Direxion Daily FTSE Europe Bull 3x Shares (NYSEARCA:EURL) Sees Large Growth in Short Interest

Direxion Daily FTSE Europe Bull 3x Shares (NYSEARCA:EURL) was the target of a large growth in short interest in the month of August. As of August 14th, there was short interest totaling 26,017 shares, a growth of 304.9% from the July 30th total of 6,425 shares. Currently, 2.4% of the company’s shares are sold short. Based on an average trading volume of 14,332 shares, the short-interest ratio is currently 1.8 days.

Institutional Investors Weigh In On Direxion Daily FTSE Europe Bull 3x Shares

Several hedge funds have recently bought and sold shares of the company. Cerity Partners LLC acquired a new position in shares of Direxion Daily FTSE Europe Bull 3x Shares in the 4th quarter valued at $205,000. Millington Financial Advisors LLC bought a new position in Direxion Daily FTSE Europe Bull 3x Shares during the fourth quarter worth about $228,000. Innova Wealth Partners bought a new position in Direxion Daily FTSE Europe Bull 3x Shares during the first quarter worth about $292,000. PMV Capital Advisers LLC grew its stake in Direxion Daily FTSE Europe Bull 3x Shares by 173.1% in the first quarter. PMV Capital Advisers LLC now owns 15,422 shares of the company’s stock valued at $583,000 after acquiring an additional 9,775 shares during the period. Finally, Virtu Financial LLC acquired a new position in Direxion Daily FTSE Europe Bull 3x Shares in the third quarter valued at about $1,087,000.

Direxion Daily FTSE Europe Bull 3x Shares Stock Down 1.3%

Direxion Daily FTSE Europe Bull 3x Shares stock traded down $0.69 during midday trading on Friday, hitting $50.43. 9,556 shares of the stock were exchanged, compared to its average volume of 40,849. The company has a fifty day simple moving average of $48.02 and a two-hundred day simple moving average of $45.45. Direxion Daily FTSE Europe Bull 3x Shares has a 52 week low of $32.63 and a 52 week high of $52.77. The stock has a market capitalization of $55.47 million, a PE ratio of 18.49 and a beta of 2.49.

Direxion Daily FTSE Europe Bull 3x Shares Company Profile

The Direxion Daily FTSE Europe Bull 3X Shares (EURL) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe. EURL was launched on Jan 22, 2014 and is managed by Direxion.