Direxion Daily MSCI India Bull 2x Shares (NYSEARCA:INDL) Short Interest Update

Direxion Daily MSCI India Bull 2x Shares (NYSEARCA:INDL) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totaling 63,935 shares, a drop of 41.7% from the April 15th total of 109,635 shares. Approximately 4.9% of the company’s stock are short sold. Based on an average daily trading volume, of 32,427 shares, the days-to-cover ratio is currently 2.0 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily MSCI India Bull 2x Shares stock. Marshall Wace LLP acquired a new stake in shares of Direxion Daily MSCI India Bull 2x Shares (NYSEARCA:INDL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 21,107 shares of the company’s stock, valued at approximately $1,331,000. Marshall Wace LLP owned about 1.69% of Direxion Daily MSCI India Bull 2x Shares at the end of the most recent reporting period.

Direxion Daily MSCI India Bull 2x Shares Price Performance

Shares of NYSEARCA INDL traded down $0.34 during mid-day trading on Monday, reaching $42.86. 19,418 shares of the company’s stock traded hands, compared to its average volume of 33,111. The stock has a market cap of $55.72 million, a P/E ratio of 23.82 and a beta of 0.95. The business has a 50-day simple moving average of $44.65 and a 200 day simple moving average of $51.68. Direxion Daily MSCI India Bull 2x Shares has a 1-year low of $38.90 and a 1-year high of $63.92.

About Direxion Daily MSCI India Bull 2x Shares

Direxion Daily India Bull 3x Shares, formerly Direxion Daily India Bull 2x Shares, seeks daily investment results, before fees and expenses, of 300% of the performance of the Indus India Index. The Indus India Index, which is designed to replicate the Indian equity markets as a whole, through a group of 50 Indian stocks selected from a universe of the largest companies listed on two Indian exchanges. The Index utilizes a measure called IndusCap, which takes into account restrictions on foreign ownership of Indian securities imposed by Indian regulators.