Direxion Daily FTSE Europe Bull 3x Shares (NYSEARCA:EURL) Short Interest Down 34.6% in June

Direxion Daily FTSE Europe Bull 3x Shares (NYSEARCA:EURL) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 3,760 shares, a decrease of 34.6% from the May 31st total of 5,745 shares. Based on an average daily trading volume, of 26,579 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.3% of the shares of the company are short sold.

Direxion Daily FTSE Europe Bull 3x Shares Price Performance

NYSEARCA EURL remained flat at $47.38 on Friday. 25,170 shares of the company’s stock traded hands, compared to its average volume of 49,749. The firm has a market cap of $54.49 million, a price-to-earnings ratio of 18.49 and a beta of 2.49. Direxion Daily FTSE Europe Bull 3x Shares has a twelve month low of $30.34 and a twelve month high of $51.65. The stock’s fifty day moving average price is $44.90 and its 200-day moving average price is $44.13.

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

Several hedge funds have recently added to or reduced their stakes in the business. Spire Wealth Management increased its holdings in shares of Direxion Daily FTSE Europe Bull 3x Shares by 75.0% during the 4th quarter. Spire Wealth Management now owns 700 shares of the company’s stock valued at $29,000 after purchasing an additional 300 shares in the last quarter. 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. Summit Financial Strategies Inc. purchased a new stake in Direxion Daily FTSE Europe Bull 3x Shares during the fourth quarter worth $206,000. Millington Financial Advisors LLC acquired a new stake in Direxion Daily FTSE Europe Bull 3x Shares during the fourth quarter valued at $228,000. Finally, Innova Wealth Partners acquired a new stake in Direxion Daily FTSE Europe Bull 3x Shares during the first quarter valued at $292,000.

About Direxion Daily FTSE Europe Bull 3x Shares

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.