Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) Short Interest Up 247.7% in March

Direxion Daily MSCI Emerging Markets Bear 3X Shares (NYSEARCA:EDZ) was the recipient of a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 135,944 shares, a growth of 247.7% from the February 26th total of 39,097 shares. Currently, 21.6% of the shares of the company are sold short. Based on an average trading volume of 359,011 shares, the days-to-cover ratio is currently 0.4 days. Based on an average trading volume of 359,011 shares, the days-to-cover ratio is currently 0.4 days. Currently, 21.6% of the shares of the company are sold short.

Direxion Daily MSCI Emerging Markets Bear 3X Shares Stock Performance

EDZ stock opened at $30.50 on Wednesday. The company has a 50-day moving average of $27.55 and a two-hundred day moving average of $34.20. Direxion Daily MSCI Emerging Markets Bear 3X Shares has a 52-week low of $22.63 and a 52-week high of $115.90.

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

Several hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new stake in Direxion Daily MSCI Emerging Markets Bear 3X Shares in the 4th quarter valued at approximately $1,847,000. Virtu Financial LLC bought a new stake in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares in the fourth quarter valued at approximately $2,666,000. Finally, Flow Traders U.S. LLC boosted its position in shares of Direxion Daily MSCI Emerging Markets Bear 3X Shares by 69.4% in the second quarter. Flow Traders U.S. LLC now owns 81,192 shares of the company’s stock valued at $437,000 after acquiring an additional 33,253 shares during the period.

Direxion Daily MSCI Emerging Markets Bear 3X Shares 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.