Direxion Daily FTSE Europe Bull 3x Shares (NYSEARCA:EURL) Short Interest Up 91.1% in May

Direxion Daily FTSE Europe Bull 3x Shares (NYSEARCA:EURL) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 43,000 shares, a growth of 91.1% from the May 15th total of 22,500 shares. Approximately 2.8% of the shares of the stock are sold short. Based on an average trading volume of 76,600 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of Direxion Daily FTSE Europe Bull 3x Shares

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC increased its position in Direxion Daily FTSE Europe Bull 3x Shares by 111.1% during the 1st quarter. Jane Street Group LLC now owns 45,575 shares of the company’s stock worth $1,216,000 after purchasing an additional 23,990 shares in the last quarter. Virtu Financial LLC raised its position in shares of Direxion Daily FTSE Europe Bull 3x Shares by 128.7% during the 4th quarter. Virtu Financial LLC now owns 34,579 shares of the company’s stock valued at $705,000 after acquiring an additional 19,459 shares in the last quarter. PMV Capital Advisers LLC acquired a new stake in Direxion Daily FTSE Europe Bull 3x Shares in the first quarter worth $37,000. Finally, Simplex Trading LLC acquired a new position in shares of Direxion Daily FTSE Europe Bull 3x Shares during the first quarter valued at $32,000.

Direxion Daily FTSE Europe Bull 3x Shares Stock Up 1.8%

EURL stock traded up $0.60 on Monday, reaching $33.76. 25,155 shares of the company’s stock were exchanged, compared to its average volume of 40,657. The firm has a market cap of $52.32 million, a PE ratio of 18.49 and a beta of 2.84. Direxion Daily FTSE Europe Bull 3x Shares has a twelve month low of $18.10 and a twelve month high of $35.13. The stock has a fifty day moving average of $29.44 and a 200-day moving average of $26.24.

About Direxion Daily FTSE Europe Bull 3x Shares

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.