Short Interest in Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Decreases By 43.7%

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) saw a significant drop in short interest during the month of August. As of August 14th, there was short interest totaling 79,482 shares, a drop of 43.7% from the July 30th total of 141,170 shares. Based on an average trading volume of 191,303 shares, the days-to-cover ratio is presently 0.4 days. Currently, 7.0% of the company’s shares are short sold.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Price Performance

Shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares stock traded up $0.14 during midday trading on Monday, reaching $14.75. The company had a trading volume of 132,411 shares, compared to its average volume of 268,259. The stock has a fifty day moving average price of $15.92 and a 200 day moving average price of $20.18. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a fifty-two week low of $13.06 and a fifty-two week high of $51.48.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Group One Trading LLC boosted its stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 507.5% in the 1st quarter. Group One Trading LLC now owns 1,051 shares of the company’s stock valued at $31,000 after purchasing an additional 878 shares during the last quarter. Virtu Financial LLC acquired a new position in Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter valued at $2,666,000. Jane Street Group LLC acquired a new position in Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter valued at $1,847,000. Finally, Flow Traders U.S. LLC boosted its position in Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% during the second quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock valued at $437,000 after acquiring an additional 33,253 shares during the last quarter.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Company Profile

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