Short Interest in Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Expands By 64.6%

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) saw a large increase in short interest during the month of May. As of May 15th, there was short interest totaling 118,190 shares, an increase of 64.6% from the April 30th total of 71,811 shares. Approximately 4.7% of the shares of the company are short sold. Based on an average daily volume of 125,623 shares, the short-interest ratio is presently 0.9 days.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Price Performance

NYSEARCA:EDC traded down $4.33 during trading hours on Thursday, hitting $94.52. 62,179 shares of the company were exchanged, compared to its average volume of 178,998. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 52-week low of $34.72 and a 52-week high of $102.93. The company’s 50 day moving average price is $76.15 and its 200-day moving average price is $66.65. The stock has a market capitalization of $239.14 million, a price-to-earnings ratio of 15.39 and a beta of 2.14.

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

Several institutional investors and hedge funds have recently bought and sold shares of EDC. Virtu Financial LLC acquired a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 4th quarter valued at approximately $1,693,000. Jane Street Group LLC acquired a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 1st quarter valued at approximately $604,000. Great Hill Capital LLC acquired a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 3rd quarter valued at approximately $528,000. IMC Chicago LLC acquired a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 1st quarter valued at approximately $517,000. Finally, PMV Capital Advisers LLC lifted its stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 422.0% during the 1st quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock valued at $408,000 after acquiring an additional 5,887 shares during the period.

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.