Millington Financial Advisors LLC Invests $235,000 in Direxion Daily MSCI Emerging Markets Bull 3X Shares $EDC

Millington Financial Advisors LLC acquired a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 5,468 shares of the company’s stock, valued at approximately $235,000. Millington Financial Advisors LLC owned 0.26% of Direxion Daily MSCI Emerging Markets Bull 3X Shares at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Prime Capital Investment Advisors LLC bought a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 2nd quarter worth approximately $203,000. 180 Wealth Advisors LLC bought a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the second quarter worth $239,000. SBI Securities Co. Ltd. lifted its holdings in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 337.2% in the second quarter. SBI Securities Co. Ltd. now owns 13,274 shares of the company’s stock valued at $520,000 after buying an additional 10,238 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 1st quarter valued at about $604,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Trading Up 0.5%

Shares of NYSEARCA EDC opened at $51.82 on Friday. The firm has a market capitalization of $112.97 million, a P/E ratio of 15.39 and a beta of 1.93. The firm’s 50-day moving average price is $52.64 and its 200-day moving average price is $44.45. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 1-year low of $20.13 and a 1-year high of $58.53.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Company Profile

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.