Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Short Interest Update

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) saw a large decline in short interest during the month of June. As of June 30th, there was short interest totaling 86,972 shares, a decline of 59.4% from the June 15th total of 214,293 shares. Currently, 8.9% of the shares of the company are sold short. Based on an average daily trading volume, of 287,941 shares, the days-to-cover ratio is currently 0.3 days.

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

Several large investors have recently modified their holdings of the stock. Flow Traders U.S. LLC lifted its stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% in the second quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock valued at $437,000 after purchasing an additional 33,253 shares during the last quarter. Virtu Financial LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter worth $2,666,000. Jane Street Group LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter worth $1,847,000. Finally, Group One Trading LLC raised its stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 507.5% in the first quarter. Group One Trading LLC now owns 1,051 shares of the company’s stock valued at $31,000 after buying an additional 878 shares during the period.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Performance

NYSEARCA EDZ traded down $0.98 during trading hours on Tuesday, reaching $16.06. 133,143 shares of the company were exchanged, compared to its average volume of 272,696. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 1 year low of $13.06 and a 1 year high of $55.20. The business’s 50 day simple moving average is $16.28 and its 200-day simple moving average is $23.72.

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.