Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA:EURL) Short Interest Update

Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA:EURL) was the recipient of a large drop in short interest in September. As of September 15th, there was short interest totaling 21,466 shares, a drop of 39.8% from the August 31st total of 35,657 shares. Currently, 2.3% of the company’s shares are short sold. Based on an average daily volume of 12,573 shares, the days-to-cover ratio is currently 1.7 days.

Hedge Funds Weigh In On Direxion Daily FTSE Europe Bull 3X ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Summit Financial Strategies Inc. acquired a new position in Direxion Daily FTSE Europe Bull 3X ETF during the second quarter worth $231,000. Innova Wealth Partners acquired a new position in shares of Direxion Daily FTSE Europe Bull 3X ETF in the 1st quarter valued at $292,000. Finally, PMV Capital Advisers LLC raised its position in shares of Direxion Daily FTSE Europe Bull 3X ETF by 173.1% in the 1st 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.

Direxion Daily FTSE Europe Bull 3X ETF Trading Down 1.3%

NYSEARCA EURL opened at $43.30 on Wednesday. The company has a market capitalization of $41.14 million, a PE ratio of 18.49 and a beta of 2.49. The firm’s fifty day simple moving average is $48.54 and its 200-day simple moving average is $45.37. Direxion Daily FTSE Europe Bull 3X ETF has a 1-year low of $32.90 and a 1-year high of $52.77.

Direxion Daily FTSE Europe Bull 3X ETF 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.