Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) Short Interest Down 33.2% in April

Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totaling 25,576 shares, a decline of 33.2% from the March 31st total of 38,275 shares. Based on an average trading volume of 56,550 shares, the days-to-cover ratio is currently 0.5 days. Approximately 3.3% of the shares of the company are short sold.

Direxion Daily MSCI Mexico Bull 3X Shares Price Performance

NYSEARCA:MEXX traded up $1.14 during trading hours on Thursday, reaching $29.92. The company had a trading volume of 30,844 shares, compared to its average volume of 52,538. Direxion Daily MSCI Mexico Bull 3X Shares has a 1-year low of $13.64 and a 1-year high of $39.27. The firm has a market cap of $23.04 million, a PE ratio of 13.94 and a beta of 2.58. The business’s 50 day moving average price is $30.87 and its 200-day moving average price is $28.05.

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 position in shares of Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 30,840 shares of the company’s stock, valued at approximately $728,000. Virtu Financial LLC owned approximately 3.35% of Direxion Daily MSCI Mexico Bull 3X Shares as of its most recent filing with the Securities & Exchange Commission.

About Direxion Daily MSCI Mexico Bull 3X Shares

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.