Short Interest in Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Increases By 22.0%

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) was the recipient of a significant increase in short interest in February. As of February 13th, there was short interest totaling 151,996 shares, an increase of 22.0% from the January 29th total of 124,546 shares. Currently, 5.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 199,322 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 199,322 shares, the short-interest ratio is currently 0.8 days. Currently, 5.7% of the shares of the stock are sold short.

Hedge Funds Weigh In On Direxion Daily MSCI Emerging Markets Bull 3X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of EDC. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the first quarter valued at $604,000. SBI Securities Co. Ltd. grew its stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 337.2% in the 2nd quarter. SBI Securities Co. Ltd. now owns 13,274 shares of the company’s stock valued at $520,000 after acquiring an additional 10,238 shares during the last quarter. Millington Financial Advisors LLC purchased a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 2nd quarter valued at about $235,000. PMV Capital Advisers LLC acquired a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the third quarter worth about $256,000. Finally, Great Oak Capital Partners LLC acquired a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the third quarter worth about $212,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Price Performance

Direxion Daily MSCI Emerging Markets Bull 3X Shares stock traded down $10.97 during mid-day trading on Tuesday, reaching $63.78. The company had a trading volume of 916,016 shares, compared to its average volume of 196,548. The stock’s 50-day simple moving average is $67.01 and its 200-day simple moving average is $56.18. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 1 year low of $20.13 and a 1 year high of $82.43. The company has a market capitalization of $170.93 million, a P/E ratio of 15.39 and a beta of 1.93.

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.