Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) Short Interest Update

Direxion Daily MSCI Emerging Markets Bull 3X Shares (NYSEARCA:EDC) was the target of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 74,063 shares, a decrease of 54.0% from the June 15th total of 160,977 shares. Approximately 3.6% of the company’s shares are short sold. Based on an average trading volume of 108,582 shares, the days-to-cover ratio is presently 0.7 days.

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

A number of institutional investors and hedge funds have recently modified their holdings of EDC. Allied Private Wealth LLC bought a new stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares in the 2nd quarter valued at $89,000. Covestor Ltd grew its holdings in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 267.2% during the fourth quarter. Covestor Ltd now owns 1,656 shares of the company’s stock worth $90,000 after buying an additional 1,205 shares in the last quarter. Optiver Holding B.V. grew its stake in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 29.4% in the 1st quarter. Optiver Holding B.V. now owns 3,626 shares of the company’s stock worth $203,000 after acquiring an additional 824 shares in the last quarter. PMV Capital Advisers LLC increased its stake in Direxion Daily MSCI Emerging Markets Bull 3X Shares by 422.0% in the 1st quarter. PMV Capital Advisers LLC now owns 7,282 shares of the company’s stock valued at $408,000 after buying an additional 5,887 shares during the last quarter. Finally, Millington Financial Advisors LLC increased its position in shares of Direxion Daily MSCI Emerging Markets Bull 3X Shares by 34.9% during the fourth quarter. Millington Financial Advisors LLC now owns 9,129 shares of the company’s stock valued at $498,000 after acquiring an additional 2,361 shares during the last quarter.

Direxion Daily MSCI Emerging Markets Bull 3X Shares Stock Performance

Shares of EDC stock traded down $0.11 during mid-day trading on Wednesday, hitting $77.11. The company’s stock had a trading volume of 84,621 shares, compared to its average volume of 165,980. Direxion Daily MSCI Emerging Markets Bull 3X Shares has a 52 week low of $38.08 and a 52 week high of $103.88. The company’s fifty day simple moving average is $86.79 and its 200-day simple moving average is $73.75. The company has a market cap of $164.24 million, a PE ratio of 15.39 and a beta of 2.18.

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.