Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) Short Interest Update

Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) saw a significant drop in short interest in the month of February. As of February 13th, there was short interest totaling 51,535 shares, a drop of 37.2% from the January 29th total of 82,053 shares. Approximately 6.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 62,728 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 62,728 shares, the short-interest ratio is currently 0.8 days. Approximately 6.7% of the shares of the stock are short sold.

Direxion Daily MSCI Mexico Bull 3X Shares Price Performance

Shares of NYSEARCA:MEXX traded up $0.30 on Friday, hitting $38.05. The company’s stock had a trading volume of 38,396 shares, compared to its average volume of 55,582. The company has a market capitalization of $29.30 million, a PE ratio of 13.94 and a beta of 2.92. The company has a 50-day simple moving average of $32.01 and a 200 day simple moving average of $25.16. Direxion Daily MSCI Mexico Bull 3X Shares has a 1 year low of $8.44 and a 1 year high of $39.27.

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

An institutional investor recently raised its position in Direxion Daily MSCI Mexico Bull 3X Shares stock. Jane Street Group LLC boosted its holdings in Direxion Daily MSCI Mexico Bull 3X Shares (NYSEARCA:MEXX) by 29.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 43,517 shares of the company’s stock after purchasing an additional 9,790 shares during the period. Jane Street Group LLC owned approximately 5.65% of Direxion Daily MSCI Mexico Bull 3X Shares worth $1,087,000 at the end of the most recent reporting period.

About Direxion Daily MSCI Mexico Bull 3X Shares

The Direxion Daily MSCI Mexico Bull 3X Shares (MEXX) is an exchange-traded fund that is based on the MSCI Mexico IMI 25-50 index. The fund offers daily leveraged 3X exposure to a broad, market-cap-weighted index of Mexican firms. MEXX was launched on May 3, 2017 and is managed by Direxion.