Short Interest in Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Increases By 91.7%

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 160,977 shares, an increase of 91.7% from the May 31st total of 83,993 shares. Based on an average daily volume of 136,293 shares, the days-to-cover ratio is presently 1.2 days. Approximately 6.4% of the shares of the company are short sold.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Price Performance

Shares of EDC stock remained flat at $78.37 during trading on Friday. 121,904 shares of the company traded hands, compared to its average volume of 171,109. The business’s 50 day simple moving average is $86.60 and its 200-day simple moving average is $72.00. The firm has a market cap of $163.01 million, a PE ratio of 15.39 and a beta of 2.18. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a one year low of $38.08 and a one year high of $103.88.

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

Hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares during the 4th quarter worth $1,693,000. Jane Street Group LLC bought a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares during the first quarter valued at about $604,000. IMC Chicago LLC purchased a new stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares in the first quarter worth about $517,000. PMV Capital Advisers LLC raised its stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 422.0% in the first quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock worth $408,000 after buying an additional 5,887 shares during the period. Finally, Millington Financial Advisors LLC raised its stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 34.9% in the fourth quarter. Millington Financial Advisors LLC now owns 9,129 shares of the company’s stock worth $498,000 after buying an additional 2,361 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.