Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) Sees Large Growth in Short Interest

Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 25,024 shares, a growth of 45.8% from the December 15th total of 17,159 shares. Based on an average daily trading volume, of 29,232 shares, the short-interest ratio is currently 0.9 days. Approximately 3.2% of the shares of the company are sold short. Approximately 3.2% of the shares of the company are sold short. Based on an average daily trading volume, of 29,232 shares, the short-interest ratio is currently 0.9 days.

Direxion Daily MSCI Mexico Bull 3X Shares Stock Performance

MEXX opened at $29.94 on Friday. The company has a market capitalization of $23.05 million, a PE ratio of 13.94 and a beta of 2.92. The stock’s fifty day moving average is $24.54 and its 200-day moving average is $21.23. Direxion Daily MSCI Mexico Bull 3X Shares has a one year low of $8.44 and a one year high of $30.53.

Institutional Trading of Direxion Daily MSCI Mexico Bull 3X Shares

An institutional investor recently bought a new position in Direxion Daily MSCI Mexico Bull 3X Shares stock. Virtu Financial LLC purchased a new stake in Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 30,840 shares of the company’s stock, valued at approximately $728,000. Virtu Financial LLC owned 3.35% of Direxion Daily MSCI Mexico Bull 3X Shares as of its most recent SEC filing.

Direxion Daily MSCI Mexico Bull 3X Shares Company Profile

The Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) is an exchange-traded fund that is based on the MSCI Mexico IMI 25-50 index. The fund offers daily leveraged 3X exposure to a broad, market-cap-weighted index of Mexican firms. MEXX was launched on May 3, 2017 and is managed by Direxion.