Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ) Short Interest Update

Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 66,309 shares, a decrease of 67.8% from the August 31st total of 206,100 shares. Based on an average daily volume of 170,277 shares, the short-interest ratio is currently 0.4 days. Currently, 4.5% of the company’s stock are short sold.

Institutional Trading of Direxion Daily MSCI Emerging Markets Bear 3X ETF

A hedge fund recently bought a new position in Direxion Daily MSCI Emerging Markets Bear 3X ETF stock. Virtu Financial LLC bought a new position in Direxion Daily MSCI Emerging Markets Bear 3X ETF (NYSEARCA:EDZ) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 74,792 shares of the company’s stock, valued at approximately $2,666,000. Virtu Financial LLC owned about 11.87% of Direxion Daily MSCI Emerging Markets Bear 3X ETF as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily MSCI Emerging Markets Bear 3X ETF Stock Down 3.2%

NYSEARCA EDZ traded down $0.46 on Friday, reaching $13.74. The company had a trading volume of 264,153 shares, compared to its average volume of 263,093. Direxion Daily MSCI Emerging Markets Bear 3X ETF has a 1 year low of $13.02 and a 1 year high of $43.74. The firm has a 50-day moving average of $15.34 and a 200-day moving average of $18.65.

Direxion Daily MSCI Emerging Markets Bear 3X ETF Company Profile

The Direxion Daily MSCI Emerging Markets Bear 3X Shares (EDZ) is an exchange-traded fund that is based on the MSCI Emerging Markets index. The fund provides 3x inverse exposure to a market-cap-weighted index of companies operating in emerging markets. EDZ was launched on Dec 17, 2008 and is managed by Direxion.