Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Sees Significant Decline in Short Interest

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) was the recipient of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 49,438 shares, a decline of 24.1% from the December 31st total of 65,113 shares. Currently, 7.8% of the company’s shares are short sold. Based on an average daily volume of 157,983 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 157,983 shares, the short-interest ratio is currently 0.3 days. Currently, 7.8% of the company’s shares are short sold.

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

An institutional investor recently raised its position in Direxion Daily MSCI Emerging Markets Bear 3X Shares stock. Flow Traders U.S. LLC increased its holdings in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) by 69.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 81,192 shares of the company’s stock after buying an additional 33,253 shares during the quarter. Flow Traders U.S. LLC owned 2.71% of Direxion Daily MSCI Emerging Markets Bear 3X Shares worth $437,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Direxion Daily MSCI Emerging Markets Bear 3X Shares Trading Up 6.6%

NYSEARCA EDZ traded up $1.75 on Friday, reaching $28.08. 620,121 shares of the stock traded hands, compared to its average volume of 170,896. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 12 month low of $25.73 and a 12 month high of $115.90. The company has a fifty day moving average price of $34.19 and a 200-day moving average price of $40.25.

About Direxion Daily MSCI Emerging Markets Bear 3X Shares

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.