Short Interest in Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Increases By 20.5%

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) saw a large increase in short interest in the month of February. As of February 13th, there was short interest totaling 63,522 shares, an increase of 20.5% from the January 29th total of 52,731 shares. Approximately 10.1% of the shares of the company are short sold. Based on an average daily trading volume, of 198,248 shares, the short-interest ratio is currently 0.3 days. Based on an average daily trading volume, of 198,248 shares, the short-interest ratio is currently 0.3 days. Approximately 10.1% of the shares of the company are short sold.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Price Performance

EDZ opened at $28.49 on Wednesday. The business has a 50 day moving average of $28.76 and a 200-day moving average of $36.28. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 1-year low of $22.63 and a 1-year high of $115.90.

Institutional Trading of Direxion Daily MSCI Emerging Markets Bear 3X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of EDZ. Flow Traders U.S. LLC increased its holdings in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% during the 2nd quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock worth $437,000 after purchasing an additional 33,253 shares during the period. Jane Street Group LLC bought a new stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter valued at about $1,847,000. Finally, Virtu Financial LLC acquired a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares during the fourth quarter worth about $2,666,000.

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.