Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) Short Interest Update

Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 25,024 shares, an increase of 45.8% from the December 15th total of 17,159 shares. Based on an average daily volume of 29,232 shares, the short-interest ratio is presently 0.9 days. Currently, 3.2% of the shares of the stock are sold short. Currently, 3.2% of the shares of the stock are sold short. Based on an average daily volume of 29,232 shares, the short-interest ratio is presently 0.9 days.

Direxion Daily MSCI Mexico Bull 3X Shares Price Performance

Shares of MEXX traded up $0.66 during mid-day trading on Friday, reaching $29.94. The company had a trading volume of 22,153 shares, compared to its average volume of 36,323. The company has a market capitalization of $23.05 million, a P/E ratio of 13.94 and a beta of 2.92. Direxion Daily MSCI Mexico Bull 3X Shares has a twelve month low of $8.44 and a twelve month high of $30.53. The company’s 50-day moving average is $24.54 and its 200-day moving average is $21.27.

Institutional Investors Weigh In On Direxion Daily MSCI Mexico Bull 3X Shares

A hedge fund recently bought a new stake in Direxion Daily MSCI Mexico Bull 3X Shares stock. Virtu Financial LLC bought a new position in Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 30,840 shares of the company’s stock, valued at approximately $728,000. Virtu Financial LLC owned about 3.35% of Direxion Daily MSCI Mexico Bull 3X Shares as of its most recent filing with the Securities and 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.