Direxion Daily FTSE Europe Bull 3X ETF (NYSEARCA:EURL – Get Free Report) was the recipient of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 39,861 shares, an increase of 85.7% from the September 15th total of 21,466 shares. Currently, 4.2% of the company’s stock are short sold. Based on an average daily volume of 20,659 shares, the days-to-cover ratio is presently 1.9 days.
Direxion Daily FTSE Europe Bull 3X ETF Stock Down 0.8%
Shares of EURL opened at $40.75 on Thursday. The stock has a 50 day moving average price of $47.04 and a 200 day moving average price of $45.63. The company has a market capitalization of $38.71 million, a price-to-earnings ratio of 18.49 and a beta of 2.49. Direxion Daily FTSE Europe Bull 3X ETF has a 52-week low of $32.90 and a 52-week high of $52.77.
Institutional Trading of Direxion Daily FTSE Europe Bull 3X ETF
Several institutional investors have recently modified their holdings of the stock. PMV Capital Advisers LLC boosted its holdings in shares of Direxion Daily FTSE Europe Bull 3X ETF by 173.1% in the 1st quarter. PMV Capital Advisers LLC now owns 15,422 shares of the company’s stock valued at $583,000 after buying an additional 9,775 shares in the last quarter. Innova Wealth Partners purchased a new position in shares of Direxion Daily FTSE Europe Bull 3X ETF in the 1st quarter valued at $292,000. Finally, Summit Financial Strategies Inc. purchased a new position in shares of Direxion Daily FTSE Europe Bull 3X ETF in the 2nd quarter valued at $231,000.
Direxion Daily FTSE Europe Bull 3X ETF Company Profile
The Direxion Daily FTSE Europe Bull 3X Shares (EURL) is an exchange-traded fund that is based on the FTSE All Cap Developed Europe index. The fund provides 3X daily levered exposure to a market-cap-weighted index of companies in developed Europe. EURL was launched on Jan 22, 2014 and is managed by Direxion.
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