Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Short Interest Update

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) saw a significant decrease in short interest in June. As of June 30th, there was short interest totaling 74,063 shares, a decrease of 54.0% from the June 15th total of 160,977 shares. Based on an average daily trading volume, of 108,582 shares, the short-interest ratio is currently 0.7 days. Approximately 3.6% of the company’s shares are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Allied Private Wealth LLC bought a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the second quarter valued at approximately $89,000. Covestor Ltd raised its holdings in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 267.2% in the fourth quarter. Covestor Ltd now owns 1,656 shares of the company’s stock worth $90,000 after purchasing an additional 1,205 shares in the last quarter. Optiver Holding B.V. lifted its position in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 29.4% during the first quarter. Optiver Holding B.V. now owns 3,626 shares of the company’s stock valued at $203,000 after buying an additional 824 shares during the period. PMV Capital Advisers LLC lifted its position in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 422.0% during the first quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock valued at $408,000 after buying an additional 5,887 shares during the period. Finally, Millington Financial Advisors LLC boosted its holdings in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 34.9% during the 4th quarter. Millington Financial Advisors LLC now owns 9,129 shares of the company’s stock valued at $498,000 after buying an additional 2,361 shares in the last quarter.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Price Performance

EDC traded up $4.06 on Tuesday, hitting $77.45. The company had a trading volume of 50,917 shares, compared to its average volume of 166,395. The stock has a fifty day simple moving average of $87.19 and a 200-day simple moving average of $73.41. The firm has a market capitalization of $161.10 million, a P/E ratio of 15.39 and a beta of 2.18. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 52-week low of $38.08 and a 52-week high of $103.88.

About Direxion Daily MSCI Emerging Markets Bull 3X Shares

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