Short Interest in Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Grows By 64.7%

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 250,276 shares, an increase of 64.7% from the February 12th total of 151,996 shares. Currently, 9.3% of the company’s stock are short sold. Based on an average daily volume of 182,949 shares, the short-interest ratio is presently 1.4 days. Based on an average daily volume of 182,949 shares, the short-interest ratio is presently 1.4 days. Currently, 9.3% of the company’s stock are short sold.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Virtu Financial LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the fourth quarter worth about $1,693,000. Jane Street Group LLC bought a new position in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the first quarter valued at approximately $604,000. Great Hill Capital LLC acquired a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 3rd quarter worth approximately $528,000. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 337.2% during the 2nd quarter. SBI Securities Co. Ltd. now owns 13,274 shares of the company’s stock worth $520,000 after purchasing an additional 10,238 shares during the last quarter. Finally, Millington Financial Advisors LLC bought a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 2nd quarter worth approximately $235,000.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Price Performance

EDC stock traded down $0.55 during midday trading on Friday, hitting $57.80. The company’s stock had a trading volume of 122,938 shares, compared to its average volume of 213,598. The company’s fifty day moving average price is $68.34 and its 200 day moving average price is $57.10. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a twelve month low of $20.13 and a twelve month high of $82.43. The stock has a market capitalization of $154.90 million, a P/E ratio of 15.39 and a beta of 1.93.

About Direxion Daily MSCI Emerging Markets Bull 3X Shares

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.